| SGS to acquire CIMM Tecnologías y Servicios S.A., Chile |
| 29.11.11 08:21 | |
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SGS is pleased to announce that it has entered into final negotiations with "Centro de Investigación Minera y Metalúrgica" (CIMM), a Chilean public entity, to acquire its subsidiary "CIMM Tecnologías y Servicios S.A." (CIMM T&S). CIMM T&S is a leading provider of technical services to the mining industry in Chile. CIMM T&S focuses on Geology and Mining, Metallurgy, Environmental Management, Analytical Services and Industrial support. Headquartered in Santiago, it has operations in Antofagasta, Calama, Copiapó, La Serena and Rancagua. Founded in 1996, CIMM T&S employs over 2,000 staff. Revenues for 2011 are projected to exceed US$ 65 million. "I am very happy with this acquisition. It demonstrates our ongoing commitment to and confidence in Chile. CIMM T&S will bring us new skills and will support our expansion in Peru and Brazil" said Chris Kirk, CEO of SGS. The transaction is expected to close within the next few weeks. The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognized as the global benchmark in quality and integrity. With more than 67'000 employees, SGS operates a network of over 1'250 offices and laboratories around the world. |
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