Scott Technology sells HTS-110 business division

Scott Technology Limited
630 Kaikorai Valley Road
Private Bag 1960
Dunedin 9054
New Zealand
+64 3 478 8110
www.scottautomation.com
31 August 2021
NZX Release

©Scott Technology Limited




Scott Technology sells HTS-110 magnet tech division

31 August 2021 – Scott Technology Limited (NZX: SCT) has today announced the sale of its HTS-110
business and undertakings to a Limited Partnership comprised of New Zealand investment fund,
Booster Tahi LP; VC fund, Matū and Donald Pooke, CEO of HTS-110. The sale does not include a
share purchase.

A progression of the Scott 2025 strategy, the sale of the Wellington-based operation enables Scott to
focus on targeted sectors, free up management time and inject capital back into organic growth
areas.

Scott Technology CEO, John Kippenberger says, “As global demand for automation continues to
grow strongly, the key priority for our team is to remain focused and committed to our core areas of
proven expertise.”

“We are pleased to successfully execute our plan to sell HTS-110, while passing the business division
on to worthy custodians with a long-term focus and a team with strong pedigree in the science and
technology environment.”

Under the new Limited Partnership company, Donald Pooke will remain as CEO and staff will retain
employment.

Booster Managing Director, Allan Yeo commented: “We’re pleased to add HTS-110 to our portfolio.
We established Tahi to connect New Zealanders with investments in successful Kiwi companies, and
this investment is a unique opportunity for our investors to be part of the future growth story that
HTS-110 represents.”

-ENDS-


For more information, visit www.scottautomation.com or contact:

John Kippenberger
Chief Executive Officer
Scott Technology
T: +64 21 964 045
E: j.kippenberger@scott.co.nz
Donald Pooke
Chief Executive Officer
HTS-110 Limited Partnership
T: +64 27 663 3975
E: d.pooke@hts-110.com

About Scott
Scott delivers smart automation and robotic solutions that transform industries by making
businesses safer, more productive and more efficient. Our diverse capability makes us the first
choice for hundreds of the world’s leading brands.

With design and build operations across Australasia, China, Europe and America and over 100 years
of engineering excellence, Scott is the global expert in automation.
www.scottautomation.com

About Booster
Booster is one of the six government-appointed default KiwiSaver scheme providers with almost
$4.5 billion currently under management on behalf of over 130,000 investors across KiwiSaver,
Superannuation and Investment Schemes.

The Booster Tahi Limited Partnership is Booster’s special investment fund set up to invest in
successful New Zealand businesses and helping profit and talent stay here.

Booster also focuses on New Zealand investment through its other specialist investment funds; New
Zealand Innovation Booster, which helps Kiwis share in the success of innovative research and IP
development by investing in technologies coming out of New Zealand universities and Private Land
and Property Fund which gives Kiwi’s access to high quality horticultural land and property
investments.
www.booster.co.nz

About Matū Fund
Matū is a venture capital fund investing in early-stage science and technology commercialisation
from education and research institutions and the private sector.

As an open and evergreen fund, Matū takes a long-term investment view and is aimed at turning
ground-breaking ideas into globally focused, IP-rich companies.

Matū provides intelligent capital with active governance, executive management, operational
support, and mentorship for founding and executive teams: www.matu.co.nz