Completion of Business Acquisition – Normaclass

Scott Technology Limited 
630 Kaikorai Valley Road 
Private Bag 1960 
Dunedin 9054 
New Zealand 
 +64 3 478 8110 
               www.scottautomation.com 
 
 
 
4 June 2019


Listed Company Relations
New Zealand Exchange Limited
PO Box 2959
Wellington


Dear Sir/Madam

COMPLETION OF BUSINESS ACQUISITION – NORMACLASS
The Board of Scott Technology Ltd (SCOTT) is pleased to announce the agreement to purchase 100%
of the shares in Normaclass, which was advised to the New Zealand Stock Exchange on 24 April 2019,
was settled and concluded on 31 May 2019 (French time).
An initial amount of €1.1m was paid on settlement date while an earn-out is payable at the conclusion
of the installation exercise in Uruguay (expected later in calendar year 2019).
Normaclass has a well-established track record of profitability which is expected to continue as its
French customers upgrade to the newest version of the system and equipment. While recurring
earnings are modest in the context of the Group (approx. 1-2% of Group earnings; excluding super-
normal profits associated with the Uruguayan installation exercise in 2019), the transaction is expected
to be immediately earnings accretive.
Strategically, Normaclass has long standing and extensive relationships throughout the large French
and Uruguayan red meat industries (France is the largest red meat producer in Europe). These
relationships will offer SCOTT exciting opportunities to showcase our wider meat automation
technology, our bandsaw safety technology (Bladestop) and backend logistics within these markets.
In particular, we look forward to working collaboratively with the previous majority owner of Normaclass,
Interbev (the Interprofessional Association for Livestock and Meat) and the red meat industry body in
Uruguay (Instituto Nacional de Carnes) on ways our technology can more generally help their
stakeholders and partners.

Yours faithfully





S J McLauchlan C C Hopkins
Chairman Chief Executive
Ph: +64 27 433 5481 Ph: +64 21 815 975

  

    
 
©Scott Technology Limited  
 
About Normaclass 

Normaclass was founded in 1989.  In 2001, Interbev became the majority shareholder of Normaclass in order to support the 
development of an efficient automated grading system for the French industry. 
Normaclass is a French based technology provider specialising in automated beef grading using machine vision. The system 
uses digital cameras to collect data and measurements of each carcass which is then analysed by software in real‐time to 
determine a carcass classification. This classification, in conjunction with carcass weight and market prices, determines the 
carcass price paid to the farmer. 
Normaclass is the leading provider in the French meat industry with over 50 installations (approx. 75% market share) and is 
nearing completion on the roll out of 29 systems across Uruguay in partnership with the industry governing body, INAC 
(Instituto Nacional de Carnes).   
 
Normaclass currently has three staff.  Manufacturing requirements and the current installation work in Uruguay is outsourced 
to third parties.   


About Interbev 

Interbev is a non‐profit inter‐branch organization for the livestock and meat sector in France.  Interbev comprises thirteen 
national organizations representing the different stakeholders in the livestock and meat sector (producers, traders, 
slaughterers, wholesalers, processors and distributors).   
 
INAC has a similar purpose to Interbev within Uruguay.   
 

About Scott 
  
At Scott we automate the future. The production line machinery we design and build deliver productivity gains and exceptional 
reliability to many of the world’s leading manufacturers. We go a step beyond engineering production solutions to actually 
revolutionising entire industries – using robotics to automate manual processes and create genuine competitive advantage.  
For over 100 years Scott has looked to tomorrow and rapidly responded to shifting needs. Today, we have production bases 
in the United States, Europe, China, Australia and New Zealand, customers in over 80 countries, and a real commitment to 
developing new technology and bringing it to market. Across everything we do you will discover true quality, advanced 
engineering and a renowned design aesthetic. Scott. Quality that lasts. Quality that inspires.