Home / Knowledge / News / Information Technology / Sarin Technologies acquires Galatea
Sarin Technologies acquires Galatea
28
Apr '08
Singapore Exchange Mainboard-listed Sarin Technologies Ltd (“Sarin” or “the Group”), is a worldwide leader in the development, manufacturing and marketing of advanced diamond planning, evaluation, production, measuring and grading systems.

It is pleased to announce that it has entered into an agreement with the shareholders of Galatea Ltd (the “Vendors”) to acquire a 100% equity stake in Galatea, an Israeli company engaged in the development of a unique and innovative technology for the fully automated evaluation of internal features in rough and polished diamonds.

Currently, there is no similar cost effective automated system for the evaluation of a diamond's internal features in the market.

Galatea's technology of fully automated internal feature evaluation will provide diamond manufacturers with a technology to significantly improve the realised yield of rough stones.

The commercialisation of this technology will not only increase the Group's revenue through product range expansion, but is also expected to boost the sales of Sarin's existing rough diamond planning products.

The total consideration for the Acquisition is US$10.77 million, of which US$9 million is to be paid in cash and the balance through the issuance of 6,859,225 new shares of Sarin.


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X