Since acquiring ESG Solutions in December 2014, Spectris (US-OTC: SEPJF; LSE: SXS) is overseeing its new division’s expansion plans in the mining and geotechnical space, and ESG has boosted its research and development (R&D) and market analysis to serve the mining and geotechnical industries.
Based in Kingston, Ont., ESG provides microseismic solutions that helps operators improve safety, optimize production and reduce costs and risks in a variety of scenarios, including underground and open-pit mining. Under Spectris’ ownership, ESG aims to expand internationally. The firm sees China, Australia, Africa and Latin America as fertile ground for growth, and has recently opened a new office in Perth.
ESG’s R&D efforts in the mining and geotechnical divisions focus on fiber-optic sensing and advanced vibration monitoring.
“This is a two-part strategic move for ESG,” general manager of mining and geotechnical services at ESG Zara Hosseini said. “Increasing our on-the-ground presence globally will allow us to better serve our international clients. In addition, focusing on R&D will ensure that the services and products we provide to existing and future clients are in response to industry needs, and are state of the art.”
Spectris is headquarted in Surrey, just outside of London. The company specializes in instrumentation and controls that improve productivity. Spectris employs 8,000 people and has offices in 30 countries, with annual revenues of more than $2 billion.
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