SGS Acquires Wamtech Pty. Ltd., Developers of MMI Technology
SGS is pleased to announce that with the acquisition of Wamtech Pty. Ltd., headquartered in Perth (Western Australia), SGS is now the sole global provider of the Mobile Metal Ion (MMI) geochemistry technology. The business has revenues in 2007 in excess of AUS$ 1 million.
The MMI geochemistry is an advanced exploration technique for detecting deeply buried mineral deposits. It enables companies to significantly reduce exploration costs by precisely delineating anomalies and defining better targets for drill programs. MMI geochemistry is being successfully used to locate gold, base metal and nickel mineralization and kimberlites around the world.
The technical expertise of Wamtech will be integrated with that of SGS, thus strengthening SGS’ position as the leading provider of ultratrace geochemistry services worldwide.
For further information, please contact:
Jean-Luc de Buman
Corporate Communications & Investor Relations
SGS SA, 1 place des Alpes, CH - 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 98 61
The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognised as the global benchmark in quality and integrity. With more than 50,000 employees, SGS operates a network of over 1,000 offices and laboratories around the world.