Here you can see and modify the cookie settings of various tools used on and related subdomains.

Save settings
Advantage Austria Show navigation

New Austrian investment in the UK



1. June 2007

Austria Antriebstechnik AG acquires British company Laurence Scott & Electromotors  

Austria Antriebstechnik AG (ATB AG) has purchased British company Laurence Scott & Electromotors based in Norwich.

ATB is one of the world's leading manufacturers of electrical drive systems for industrial applications and appliances. ATB has 3,970 employees, is part of the Austrian A-Tec Industries group and is listed on the Vienna Stock Exchange.

Laurence Scott & Electromotors will be purchased by ATB's existing British subsidiary ATB Morley, a manufacturer of electric motors for the coal mining industry. The acquisition of Laurence Scott & Electromotors which develops and manufactures high voltage electric motors for the oil and gas industry and had sales of £13m in 2006 adds one of the UK's oldest electrical machinery manufacturers (established in 1883) and a leading supplier in this niche market to ATB's portfolio.