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SGS to Acquire Assets of Bateman Projects from Tenova

Ad Hoc AnnouncementsAcquisitionsOctober 09, 2015

SGS is pleased to announce that it has entered into final negotiations to acquire the assets of Bateman Projects, the mining engineering and project management operations owned by Tenova and headquartered in South Africa. Tenova will remain active in the mining industry, focusing its activities in the technology and equipment sector.

Bateman Projects specializes in providing process plant design and engineering, project management and commissioning and optimization services for mineral processing plants and over a variety of minerals including gold, iron ore, copper, uranium and coal. The Bateman Modular Process Plant business and expertise will form part of this transaction.

Based in Johannesburg and active throughout South Africa and sub-Saharan Africa, as well as providing specialized project services in many other parts of the world, the business employs 250 experts and staff and has generated revenues in excess of EUR 30 million in the latest financial year (ended June 30, 2015).

The transaction is subject to the approval of the South African Competition Commission and is expected to close within the next few weeks.

“This acquisition will significantly expand and improve our Mine and Plant Services activities, providing SGS with a team of highly qualified staff with extensive project experience in key commodities. The Group is recognized, well known and very respected within the industry. SGS will continue to build the valuable service portfolio and offering that has existed since the early 1960s,” said Frankie Ng, CEO of SGS.

For further information, please contact:

Jean-Luc de Buman
Corporate Development,
Communications & IR
SGS SA, 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 92 00

About SGS

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.

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