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Company News Summary

ALS Undertakes Key Acquisitions and Innovation Investment

07 Feb 2019  |  13:40:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: ALS undertakes key acquisitions and innovation investment

ALS announced on 7 February 2019, the completion of two separate strategic acquisitions in the USA and Chile and a key investment in innovation totalling A$51m. Based in Valparaiso, Chile, ALS also acquired MARRS International, a leading inspection, certification and control services business in the maritime and industrial field. The acquisition is a key addition to the ALS Commodity Inspection portfolio as well as significantly enhancing the service offering to customers at both ends of major mining, commodity trading and refining logistical routes. As part of its continuing investment in innovation and technology, ALS has acquired a stake in Brisbane based technology company RedEye.

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