NZ's Scott Technology at over 1-week high on partnership with France's Savoye

Scott Technology

04/12/2020 03:12

** Shares of Scott Technology  SCT.NZ  rise as much as 5.1%
to NZ$1.84, their highest since Nov. 25 
    ** The automation engineering firm announces partnership
with France-based Savoye, a firm that makes automated storage
and retrieval systems (AS/RS)  urn:newsml:reuters.com:*:nFWN2IJ0TX
    ** SCT says partnership to allow it to expand its material
handling and logistics systems and help in focusing efforts on
opportunities within the U.S market
    ** Stock posts its biggest intraday pct gain since Nov. 25
    ** About 132,600 shares change hands, vs the 30-day average
volume of 28,300 shares
    ** Stock has fallen 20.1% this year as of last close
    
  

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))