SAI360, formerly known as SAI Global, is a multinational business services company that is based in Chicago, Illinois, United States. It offers risk management services, quality assurance audit and certification, auditor training, standards information services, and property services.
History
editIn 2003, the organization SAI Global was formed when Standards Australia sold off its commercial business. On December 17 of that same year, SAI Global was floated on the Australian Stock Exchange with the initial shareholding of 40 percent retained by parent organization Standards Australia that was then progressively sold down to zero.[citation needed] In 2016, private equity firm Baring Private Equity Asia acquired SAI Global Group.[1][2]
In May of 2021, SAI360 sold its Global Standards and Assurance practice to Intertek Group for A$855 million.[3]
References
edit- ^ Pash, Chris (26 September 2016). "Baring Asia has grabbed Australia's SAI Global in a $1 billion deal". Business Insider Australia. Retrieved 13 July 2020.
- ^ "SAI Global agrees to $1b takeover bid". www.abc.net.au. 2016-09-26. Retrieved 2021-06-07.
- ^ Carcano, Sonia. "Intertek Group's A$855 Million Acquisition of Assurance and Standards Arms from SAI Global". Retrieved 2021-06-14.