Founded in 1987, the Time Mining Group employs almost 400 staff and operates principally under the names of Time Mining and Processing Pty Ltd., Performance Laboratories Pty Ltd., Time Mining (Ghana) Limited and Dump and Dune Drillers Pty Ltd.
In addition to providing process plant design, project management and commissioning and optimisation services for minerals processing plants, the group also delivers analytical services, and commercial and on-site laboratories, through their Performance Laboratories entity.
"I am very pleased and excited with this acquisition. It strengthens the expertise of our Minerals Services team, further expands our footprint in Africa and other key minerals markets," said SGS Chief Executive Chris Kirk in a statement.
The transaction is subject to the approval by the South African Competition Commission and is expected to close within the next few weeks.