Engenco

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Engenco Limited
Public
Traded as ASXEGN
Industry Industrial engineering
Founded 1989
Founder Michael Coote
Headquarters Perth, Australia
Area served
Worldwide
Key people
Dale Ephinstone (Chairman & majority shareholder)
Vincent De Santis (Director & large minority shareholder)
Kevin Pallas (Managing Director & CEO)
Revenue Decrease A$133.8 million (2015)[1]
Decrease (A$30.1 million) (2015)[1]
Decrease (A$32.7 million) (2015)[1]
Total assets Decrease A$89.6 million (2015)[1]
Total equity Decrease A$44.9 million (2015)[1]
Number of employees
>500[2]
Divisions Power & Propulsion
Rail & Road
Subsidiaries CERT
Convair
Drivetrain
Gemco Rail
Greentrains
Momentum
Website www.engenco.com.au

Engenco Limited is an Australian engineering company with operations in Australia, Asia, Europe and America. It is listed on the Australian Stock Exchange.

History[edit]

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.[3]

In December 2006 Coote Industrial was listed on the Australian Stock Exchange.[4] In November 2010 Coote Industrial was renamed Engenco.[5]

Subsidiaries[edit]

As at June 2015 its subsidiaries were:[1][6]

  • Centre for Excellence in Rail Training (CERT)
  • Convair Engineering (Convair)
  • Drivetrain Power and Propulsion (Drivetrain)
  • Gemco Rail
  • Greentrains
  • Momentum

Previous subsidiaries include:[7][8]

Takeover offer[edit]

In December 2012 chairman Dale Elphinstone, who was the largest shareholder with a 37.6% stake, made a takeover offer for all the shares in the company.[9] The takeover offer was unsuccessful with Elphinstone only having taken his shareholding up to 65.1% when the offer closed.[10]

References[edit]

  1. ^ a b c d e f Annual Financial Report 2015 (PDF) (Report). 
  2. ^ Careers Engenco
  3. ^ Annual Report 30 June 2008 Coote Industrial
  4. ^ Engenco Limited (EGN) Australian Stock Exchange
  5. ^ Company name change Engenco 26 November 2010
  6. ^ Our Businesses Engenco
  7. ^ History Engenco
  8. ^ Sale of South Spur Rail Services Business Coote Industrial 7 June 2010
  9. ^ Unconditional Cash Offer for Engenco Elph Pty Ltd 12 December 2012
  10. ^ Close of Bid - Distribution Schedule and Top 20 Shareholders Engenco 23 April 2013