MHM Automation revenue jumped in year before acquisition

MHM Automation, which produces materials handling automation products, was fully acquired in March 2024 by US-based Bettcher Industries. (Image: MHM Automation)

Ben Moore

Mon, 04 Nov 2024

MHM Automation’s revenue rose almost 50% in the 12 months to June 2024, according to the company’s first financial report since it was acquired.The materials-handling automation company was delisted from the New Zealand Exchange in March 2024 as it was acquired for $1.70 per share by United States-based food processing equipment manufacturer Bettcher Industries.MHM released its first financial report since delisting, which showed a sharp increase in revenue over the year of acquisition to $144.2 million, up 47% from the year pr...

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