Nanotechnology Now - Press Release: CSA Group Announces sale of QMI division to SAI Global Limited

Home > Press > CSA Group Announces sale of QMI division to SAI Global Limited

Abstract:
Robert M. Griffin, President and CEO, CSA Group
today officially announced that CSA Group has finalized an agreement for the
sale of its QMI (Quality Management Institute) division, a leading North
American registrar, to SAI Global Limited (ASX:SAI) of Sydney, Australia, for
$40 million Canadian. An Asset Purchase Agreement has been signed and
financial completion is scheduled for February 29, 2008, subject to customary
closing conditions.

CSA Group Announces sale of QMI division to SAI Global Limited

TORONTO, ONTARIO, Canada | Posted on February 26th, 2008

"The decision to accept the offer was made by the Board of Directors of
the Canadian Standards Association (CSA Group) based on the best opportunity
for QMI to further its growth and business strategy by becoming a part of a
large global player in the auditing and management systems registration
business," says Mr. Griffin. "The executive leadership team appreciates the
commitment and dedication of its QMI employees and loyalty of QMI clients. We
have taken measures to ensure that the transfer in ownership will result in a
seamless transition of services and employment."

Headquartered in Toronto, Ontario, Canada, QMI has more than 400
certified audit professionals and holds accreditation with major accreditation
bodies. Established in 1984, QMI has issued thousands of certificates in North
America and overseas to national and international management system standards
such as the International Organization for Standardization (ISO) 9000 quality
management standards and ISO 14000 environmental management standards. QMI
also registers companies to various food, health care, forestry and aerospace
standards.

CSA Group's business plan moving forward is to focus its strategy and
investments towards standards development in innovative and emerging areas
such as climate change, nanotechnology, infrastructure and health care, as
well as expanding service solutions in certification and testing, product
performance evaluations services and inspection and advisory services for
retailers and manufacturers. Proceeds of the sale will be used by CSA Group to
further standards development and provide sustainable funding to fulfill CSA
Group's purpose of making "standards work for people and business".

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About CSA Group
CSA Group is an independent, not-for-profit membership association
serving business, industry, government and consumers. CSA Group consists of
three divisions: Canadian Standards Association, a leading solutions based
standards organization, providing standards development, application products,
training and advisory services; CSA International, which provides testing and
certification services for electrical, mechanical, plumbing, gas and a variety
of other products; and OnSpeX, a provider of consumer product evaluation,
inspection and advisory services for retailers and manufacturers.

For more information, please click here

Contacts:
Anthony Toderian
Senior Media Relations
Officer
CSA Group
(416) 747-2620

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