Engenco
From Wikipedia, the free encyclopedia
Engenco Limited is an Australian engineering company with operations in Australia, Asia, Europe and America. It is listed on the Australian Stock Exchange.
 | |
| Company type | Public |
|---|---|
| ASX: EGN | |
| Industry | Industrial engineering |
| Founded | 1989 |
| Founder | Michael Coote |
| Headquarters | , |
Area served | Worldwide |
Key people | Dale Ephinstone (Chairman & majority shareholder) Vincent De Santis (Director & large minority shareholder) Kevin Pallas (Managing Director & CEO) |
| Revenue |  A$133.8 million (2015)[1] |
| (A$30.1 million) (2015)[1] | |
| (A$32.7 million) (2015)[1] | |
| Total assets | A$89.6 million (2015)[1] |
| Total equity | 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 |
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.[3]
In December 2006 Coote Industrial was listed on the Australian Stock Exchange.[4] In November 2010 Coote Industrial was renamed Engenco.[5]
Subsidiaries
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
Takeover offer
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]