March 2014 marks the 10 year anniversary of Austin Engineering Ltd’s listing on the Australian Stock Exchange (ASX).
The leading non-OEM manufacturer of engineered mining and earthmoving products was admitted to the Official List of the ASX on the 4th March 2004 and the Official Quotation of Austin’s securities commenced on Tuesday 9th March 2004.
The company was originally founded in 1982 and after a period of growth and expansion Austin was acquired by West Australian Metals Ltd in 2003, shortly after which the company floated on the ASX.
From that point, Austin Engineering made a series of acquisitions including Perth-based John’s Engineering & Cranes Pty Ltd or JEC (2004), Kaldura Industries (2006) and Austbore (2007) located at Mackay in Central QLD, and Western Technology Services based in Wyoming USA (2007).
In 2009 the company moved into the South American market with the acquisition of a steel dump truck body business from Conymet Ltda based in Antofagasta – Chile’s largest mining region. Further Australian growth followed in 2010 by acquiring West Australian based Pilbara Hire Group Pty Ltd, Hunter Valley NSW-based Phillips Engineering Pty Ltd, and the COR Cooling Group.
In 2011 Austin Engineering expanded their global presence through the acquisition of the business of V&V at Calama in Chile and the opening of three new manufacturing factories; Austin Indonesia at Batam Island, Austin Ingenieros Colombia at Barranquilla and Austin Engineering Peru in Lima. 2013 saw the acquisition of the business of Servigrut, a supplier of heavy equipment lifting, transportation and site services to the mining and industrial markets in Chile.
Moving forward in 2014, Austin Engineering anticipates increased demand for their products due to sustained higher levels of mining production. The company also anticipates that the maintenance and repair of equipment will form a larger part of the group’s revenue going forward.
GROWING SHAREHOLDER VALUE
Our investors are important to us. We believe our core value proposition of being a global engineering solutions provider,
built on decades of innovation and intellectual property that supplies quality products and manufacturing expertise
to our clients will alllow us to take advantage of future opportunities.