Engenco Limited is an Australian engineering company with operations in Australia, Asia, Europe and America. It is listed on the
Australian Stock Exchange
Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, ...
.
History
Engenco was founded as Global Turbocharger Specialists Australia by Michael Coote in 1989 providing diesel engine spare parts. It was renamed GTSA Engineering and later Coote Industrial.
[Annual Report 30 June 2008]
Coote Industrial
In December 2006 Coote Industrial was listed on the Australian Stock Exchange. In November 2010 Coote Industrial was renamed Engenco.
Subsidiaries
As at June 2015 its subsidiaries were:
*Centre for Excellence in Rail Training (CERT)
*Convair Engineering (Convair)
*Drivetrain Power and Propulsion (Drivetrain)
*
Gemco Rail
Gemco Rail is a Western Australian company specialising in the remanufacturing and repair of railway locomotives, wagons, track maintenance equipment, bearings and other railway components.
Formed in 1987 it is based in Forrestfield, Perth. In ...
*
Greentrains
Greentrains is a locomotive and rolling stock leasing company in Australia. It was formed in June 2008 as a subsidiary of Coote Industrial.
In 2008, Coote Industrial subsidiary Gemco Rail acquired 42 locomotives and 54 wagons from the distress ...
*Momentum
Previous subsidiaries include:
*
South Spur Rail Services
South Spur Rail Services was a Western Australian owned railway company that provides terminal operations and short haul rail services. In February 2006, it purchased Silverton Rail. In March 2007, it was sold to Coote Industrial, then in Ma ...
*
Southern & Silverton Rail
Southern & Silverton Rail was an Australian rail operator founded in 1886 as the Silverton Tramway Company. The company operated the Silverton Tramway, conveying silver-lead-zinc concentrates from Broken Hill to the South Australian border. ...
Takeover offer
In December 2012 chairman Dale Elphinstone, who was the largest shareholder with a 37.6% stake, made a
takeover offer
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to ...
for all the shares in the company. The takeover offer was unsuccessful with Elphinstone only having taken his shareholding up to 65.1% when the offer closed.
Close of Bid – Distribution Schedule and Top 20 Shareholders
Engenco 23 April 2013
References
{{Reflist
Companies established in 1989
Manufacturing companies based in Perth, Western Australia