Scott Technology Limited completed the acquisition of Machinery Automation & Robotics Pty Ltd.
Scott Technology Limited (NZSE:SCT) completed the acquisition of Machinery Automation & Robotics Pty Ltd. on January 31, 2015. 0.7 million shares of Scott Technology Limited were issued as consideration and NZD 2.47 million (AUD 2.28 million) is paid in cash and NZD 10.41 million (AUD 9.62 million) is advanced to Machinery Automation & Robotics to repay existing loans relating to the purchase of intellectual property. The currency conversion is made on ww.oanda.com on December 4, 2014.