Tenova is pleased to announce the successful demerger of its EPCM business operations known as Bateman Projects, based in South Africa. As communicated in October 2015 (see press release attached) the swiss-based SGS acquired these assets from Tenova.

Tenova will further develop its activities in the Mining and Minerals industry by focusing on the equipment and process technology sector through Takraf and Delkor, both worldwide recognized partners for the industry with strong market positions.

Bateman Projects specializes in providing process plant design and engineering, project management and commissioning and optimizations services for mineral processing plants and over a variety of minerals including gold, iron ore, copper, uranium and coal. The Bateman Modular Process Plant business and expertise formed part of the transaction.

Based in Johannesburg and active throughout South Africa, Sub Saharan Africa as well as providing specialized project services in

many other parts of the world, the business employs 250 experts and staff and has generated revenues in excess of €30 million in the latest financial year (ended 30 June 2015).

“With SGS we have found a perfect fit to pursue further opportunities for our South African EPCM operations to grow within the industry.Tenova will further develop its activities in the Mining industry, focusing on the technology and equipment sector and through its successful branches Takraf and Delkor, both worldwide recognized partners for the industry with strong market positions.” commented Andrea Lovato, CEO of Tenova.

ABOUT TENOVA

Tenova is a worldwide supplier of advanced technologies, products and engineering services for the metals and mining industries providing innovative, integrated solutions for complete process areas.Tenova’s network companies operate in 26 countries on five continents with some 4,000 employees worldwide.