CitationDownload as .RIS
Emerald Group Publishing Limited
Copyright © 1999, MCB UP Limited
The British Standards Institution (BSI), known worldwide for its Kitemark of product excellence and as a global leader in setting quality, safety and service standards for industry and commerce, has acquired one of America's leading companies for testing precious metals such as gold, silver, platinum and palladium. Rocky Mountain Geochemical, a 30-year-old company originating in the Rocky Mountains of Colorado, has been acquired by BSI as part of its international expansion strategy aimed at making it the preferred supplier of quality and inspection services to the world's leading businesses. In 1998, BSI acquired the CEEM Inc. training and publishing company in the USA and ACSA Loss Control, which operates in the car inspection business in Argentina and Brazil, for a combined consideration of £5.2 million. Earlier, that year, BSI had picked up Inspectorate PLC, a leading international inspection and testing company for £36.5 million which means that the new-look BSI group of companies now has a physical presence in over 90 countries around the world. These purchases follow changes in BSI's Royal Charter, designed to give it greater operating flexibility. This has resulted in some 23 per cent (£27.9 million) of BSI's business now being in the USA and 46 per cent (£57.1 million) in the UK, compared with 68 per cent (£61.4 million) in the UK in the 12 months to 31 March, 1998. Chief executive Keith Tozzi says that in the coming months BSI will open new offices in 15 countries around the world - the first five in France, Spain, Poland, South Africa and South Korea are already open.