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Scott Technology agrees to buy Applied Sorting Technologies for $1.3M
By Jonathan Underhill June 16 (BusinessDesk) - Scott Technology, the industrial automation firm, is to make its second acquisition this year by agreeing to buy Melbourne-based Applied Sorting Technologies (AST) for $1.3 million to gain inspection technologies with applications...

Ocean ironsands mining decision due Wednesday
By Pattrick Smellie June 16 (BusinessDesk) - The fate of a $70 million bid to mine ironsands off the ocean floor in the southern Taranaki Bight will be known this Wednesday when a decision-making committee appointed by the Environmental Protection Authority rules on TransTasma...

Hirepool sees profits from 2015 on debt repayment, merger benefits
By Jonathan Underhill June 16 (BusinessDesk) - Hirepool is projecting profits from 2015, after years of losses, having squeezed out costs since buying major rival Hirequip out of receivership last year and using its initial public offering to pay down debt. Hirepool is fore...