SAI Global keen to sell Assurance business

Company News

by David Chau

SAI Global Ltd (ASX:SAI) has confirmed it is reviewing the possible sale of its Assurance business.

SAI says, by selling its Assurance business, this will support its strategy to focus on higher margin, higher growth software and digital products.

The global risk management company says its Assurance business would need broader geographic coverage and scale in order to be even more competitive.

In the event of a sale, SAI intends to enter a strategic alliance with the purchaser to continue offering assurance services.

SAI Global reported a net profit of $28.7 million at 31 December 2015.

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