SAI expands its successful Property Information business into New South Wales and Queensland

Sydney, Australia: 9 September 2008- SAI Global Limited (ASX: SAI) announced today that it has acquired the business of Sydney based Universal Title Searches (“UTS”) from Kwikrule Pty Ltd. UTS provides property and business information services to clients in New South Wales, Queensland and Victoria and complements SAI’s existing Victorian based Property Information business.

SAI Global’s Chief Executive, Tony Scotton said “UTS provides a natural extension to SAI’s existing product offerings in Property Information and importantly means that we can now offer our services to customers in all of the Eastern States”.

The Acquisition:

  • Expands the reach of SAI’s Property Information Services
  • Brings secure relationships in New South Wales, Queensland and Victoria
  • Is a significant step forward in providing property information services nationally

SAI’s Property Information Services

SAI’s Property Information Services provides information and workflows that facilitate property related transactions for a broad spectrum of industry professionals including, legal practitioners, conveyancers, property developers, finance and mortgage providers, local and state governments, valuers, surveyors, building designers, estate agents and architects. Obtaining multiple information searches is an essential yet potentially time consuming element of the conveyancing process. The administrative effort, time and cost is reduced by using SAI’s workflow system and services.

Property Information Services is part of SAI’s Publishing Division which has a strategy to supply integrated solutions for the information needs of businesses in various market verticals such as Construction, Manufacturing, Engineering, Property, Legal and others.

These solutions include both need-to-know information and value added services that support the specific workflows of professionals in these businesses. Our solutions allow our clients to manage and execute these workflow processes as efficiently and cost-effectively as possible. The processes are mainly driven by regulatory or compliance rules that our clients have to adhere to or industry and community obligations that govern their businesses.

Financials

The purchase price is A$2.97M and the acquisition is expected to be EPS accretive in the first twelve months of SAI ownership.

Investor Relations Inquiries.

Tony Scotton, Chief Executive Officer +61 2 8206 6182
Geoff Richardson, Chief Financial Officer +61 2 8206 6805