SGS To Buy CIMM Tecnologías y Servicios For Undisclosed Sum
November 29 2011 - 1:41AM
Dow Jones News
SGS S.A. (SGSN.VX) Tuesday said it plans to acquire CIMM
Tecnologías y Servicios S.A. from Centro de Investigación Minera y
Metalúrgica" [CIMM], a Chilean public entity, for an undisclosed
sum.
MAIN FACTS:
- CIMM T&S is a leading provider of technical services to
the mining industry in Chile, and 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.
- The transaction is expected to close within the next few
weeks
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47;
zurichdjnews@dowjones.com
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