SGS Acquires 17.65 Percent Stake in Savi Technology, Inc., USA
SGS is pleased to announce the acquisition of a 17.65 percent stake in Savi Technology, Inc. (Savi), headquartered in Alexandria, Virginia, USA.
Savi is an IoT (Internet of Things) market leader developing sensor-based solutions. Recently, Savi launched "Savi Insight", a SaaS analytics solution that captures sensor data, correlates multiple variables and applies rules and logic that turn data into actionable information. Savi Insight gives executives, line managers and business analysts immediate and unprecedented access to sophisticated, powerful analytics and real time operational intelligence.
This investment gives SGS access to data analytics technology skills and the ability to implement these technologies into various services, such as asset monitoring, cargo tracking and sensor-based analytics solutions.
Privately owned, Savi employs 80 experts.
“I am very happy with this partnership, in line with our automation, digitalization and data strategic initiative named TIC 4.0”, said Frankie Ng, CEO of SGS. “We will continue to partner with selected technology providers, enhancing our services and broadening our scope.”
Savi has been recognized as the 2015 company of the year by Frost & Sullivan.
For further information, please contact:
Jean-Luc de Buman
Communications & IR
SGS SA, 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 92 00
SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 80,000 employees, SGS operates a network of over 1,650 offices and laboratories around the world.