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<h2 id="history">History</h2> <p>In 2003, the organization SAI Global was formed when <a href="/facts/Standards_Australia/zvSwvYsX">Standards Australia</a> sold off its commercial business. On December 17 of that same year, SAI Global was floated on the <a href="/facts/Australian_Stock_Exchange/ocIpjdLT">Australian Stock Exchange</a> with the initial shareholding of 40 percent retained by parent organization Standards Australia that was then progressively sold down to zero. In 2016, <a href="/facts/Private_equity/DpqoqjBH">private equity</a> firm <a href="/facts/Baring_Private_Equity_Asia/R2yAC3rF">Baring Private Equity Asia</a> acquired SAI Global Group.<a class="footnote-ref" id="fnref:1" href="#fn:1"><sup>1</sup></a><a class="footnote-ref" id="fnref:2" href="#fn:2"><sup>2</sup></a> </p><p>In May of 2021, SAI360 sold its Global Standards and Assurance practice to <a href="/facts/Intertek_Group/yba9dzax">Intertek Group</a> for A$855 million.<a class="footnote-ref" id="fnref:3" href="#fn:3"><sup>3</sup></a> </p> <h2 id="references">References</h2> <ol> <li id="fn:1"><p>Pash, Chris (26 September 2016). "Baring Asia has grabbed Australia's SAI Global in a $1 billion deal". Business Insider Australia. Retrieved 13 July 2020. <a href="https://www.businessinsider.com.au/baring-asia-has-grabbed-australias-sai-global-in-a-1-billion-deal-2016-9" target="_blank">https://www.businessinsider.com.au/baring-asia-has-grabbed-australias-sai-global-in-a-1-billion-deal-2016-9</a> <a href="#fnref:1" class="footnote-back-ref">↩</a></p></li> <li id="fn:2"><p>"SAI Global agrees to $1b takeover bid". www.abc.net.au. 2016-09-26. Retrieved 2021-06-07. <a href="https://www.abc.net.au/news/2016-09-26/sai-global-takeover-bid-hong-kong-private-equity-firm/7877246" target="_blank">https://www.abc.net.au/news/2016-09-26/sai-global-takeover-bid-hong-kong-private-equity-firm/7877246</a> <a href="#fnref:2" class="footnote-back-ref">↩</a></p></li> <li id="fn:3"><p>Carcano, Sonia (19 May 2021). "Intertek Group's A$855 Million Acquisition of Assurance and Standards Arms from SAI Global". Retrieved 2021-06-14. <a href="https://www.globallegalchronicle.com/intertek-groups-a855-million-acquisition-of-assurance-and-standards-arms-from-sai-global/" target="_blank">https://www.globallegalchronicle.com/intertek-groups-a855-million-acquisition-of-assurance-and-standards-arms-from-sai-global/</a> <a href="#fnref:3" class="footnote-back-ref">↩</a></p></li> </ol>