JBS eyes technology sector with latest acquisition t - leatherbiz: Lea Leatherbiz

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JBS eyes technology sector with latest acquisition target

21/08/2015
Brazil-based meatpacking and tannery group JBS has its sights on Scott Technology, a New Zealand-based technology company.

In the food and meat sectors, Scott produces robotic and x-ray manufacturing technology and JBS’s proposal values the company at $42 million.

Many of Scott's current technology developments have been undertaken in conjunction with JBS.

The transaction remains subject to New Zealand regulatory approvals.

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