SGS Acquires Geostat Systems International Inc
SGS is pleased to announce the strategic acquisition of Geostat Systems International Inc., a company headquartered in Montreal, Canada.
Founded in 1981, Geostat is the recognised industry leader specialising in geostatistics, orebody modeling, resource estimation, exploration, prefeasibility, production and reclamation stage services and generated revenues in excess of $1.7 million in 2007. The Company has 13 employees and uses the services of a number of specialist external consultants to perform their work.
“This acquisition strengthens SGS’ orebody modeling capabilities for geometallurgical applications and adds resource estimation services to SGS’ broad range of services available to mining sector clients. It also follows our strategic drive to offer services across the entire minerals value chain," said Chris Kirk, CEO. "We look forward to integrating and supporting the Geostat team of professionals as they work to expand their service offerings to their clients and to the many existing SGS Mineral Services clients who will benefit from their expertise."
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.