April 29, 2008. Geneva. SGS is pleased to announce the strategic acquisition of Geostat Systems International Inc., a Canadian company headquartered in Montreal, Canada.
Founded in 1981, Geostat is a well-rounded industry leader specializing in geostatistics, orebody modeling, resource estimation, exploration, prefeasibility, production and reclamation stage services. Geostat’s technical expertise will be integrated with that of SGS Minerals Services. Geostat generated revenues in excess of $1.7 million in 2007 and has 13 employees as well as using the services of a number of specialist external consultants to perform their work. View full press release.