Global supply chain and operations consulting firm Maine Pointe announced that SGS - leading inspection, verification, testing and certification company - has acquired a majority stake in the company. The complementary capabilities of both companies will strengthen SGS's high-value consulting capabilities and take Maine Pointe's acclaimed Total Value Optimization approach global.
“Working with SGS will enable our global growth and accelerate our goal of positioning Total Value Optimization as the global standard for supply chain and operations optimization. The synergies between our two companies, and the similarities in our cultures and approaches will be an important element in helping existing and new clients transform their supply chain into a competitive weapon,” says Steven Bowen, chairman and CEO of Maine Pointe.
Maine Pointe will retain its name and operate as a distinctive business within SGS's Certification & Business Enhancement (CBE) business unit. The acquisition will also help the company's goal of making TVO the global standard for end-to-end supply chain optimization.
“Maine Pointe adds another layer of competence to the group and significantly accelerates our inroads into more advanced consultancy services in Certification & Business Enhancement. The recent announcement of the disposal of PSC highlights the group strategy of focusing our capital allocation towards higher value-added services,” said Frankie Ng, CEO of SGS.