SAI360, formerly SAI Global, is a multinational business services company based in Chicago, Illinois, United States. It offers risk management services, quality assurance audit and certification, auditor training, standards information services, and property services.
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SAI Global was established in 2003 when Standards Australia sold its commercial business. On 17 December 2003, SAI Global was floated on the Australian Securities Exchange (ASX) with Standards Australia retaining a 40% shareholding that was then progressively sold down to zero.[citation needed] In 2016, Baring Private Equity Asia acquired SAI Global Group with it delisted from the ASX.[1][2][3]
In May 2021, SAI360 sold its Global Standards and Assurance practice to Intertek Group for A$855 million.[4]
References
- ^ Pash, Chris (26 September 2016). “Baring Asia has grabbed Australia’s SAI Global in a $1 billion deal”. Business Insider Australia. Archived from the original on 26 September 2020. Retrieved 13 July 2020.
- ^ “SAI Global agrees to $1b takeover bid”. ABC News. 2016-09-26. Retrieved 2021-06-07.
- ^ Removal from Official List Australian Securities Exchange 28 December 2016
- ^ Carcano, Sonia (19 May 2021). “Intertek Group’s A$855 Million Acquisition of Assurance and Standards Arms from SAI Global”. Retrieved 2021-06-14.
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