SCOTT® was established in Dunedin, New Zealand in 1913 as engineering company J & A P Scott.
The company was listed on the New Zealand Stock Exchange in 1997, through distribution in the form of shares in SCOTT (in specie distribution) from the diversified company, Donaghy's Limited.
SCOTT was solely focused on the appliance industry at that stage, primarily selling to North America.
The slowdown in the American economy in 2001 was the catalyst for SCOTT to diversify. This diversification was two-fold: firstly SCOTT diversified geographically and entered the Asian and European markets for appliance manufacturing systems; and secondly, we began diversification into other niche market areas.
During the global financial crisis of 2009 we continued to invest heavily in research and development in all areas of the business. We are now realising the benefit of this investment, with growth and opportunities in all current markets we serve.
In addition, SCOTT has diversified and grown its business by way of acquisitions:
- ROCKLABS®, an Auckland based manufacturer of mechanised and automated sample preparation equipment and suppliers of gold reference materials to the mining industry. ROCKLABS was acquired in July 2008.
- Malcolm Smith Reference Materials, a key supplier of reference materials to the ROCKLABS business, was acquired in November 2010.
- HTS-110 Ltd, a designer and manufacturer of powerful electromagnets and other associated high temperature superconductor technology, was acquired in March 2011.
- 75% of a Chinese manufacturing facility was acquired in September 2011, enabling us to take advantage of opportunities within the Chinese and wider Asian markets.
- RobotWorx, based in Marion, Ohio, USA, specialising in the trade and integration of new and used robots, parts and robotic systems was acquired in May 2014, enabling SCOTT to significantly grow its presence in its key North American market.
- Acquisitions of Melbourne based Applied Sorting Technologies in June 2014, a manufacturer of x-ray food inspection equipment, and Sydney based Machinery Automation and Robotics in January 2015, with its complementary products in the mining, meat processing and robotics industries, has also provided critical mass in SCOTT's other key geographical market of Australia.