(QMI: Toronto, Ontario) -- Robert M. Griffin, president and CEO of CSA Group, has announced that the group has finalized an agreement for the sale of its Quality Management Institute division, a North American registrar, to SAI Global Limited of Sydney, Australia, for $40 million Canadian.

“The decision to accept the offer was made by the board of directors of the Canadian Standards Association (CSA Group) based on the best opportunity for QMI to further its growth and business strategy by becoming a part of a large global player in the auditing and management systems registration business,” says Griffin. “The executive leadership team appreciates the commitment and dedication of its QMI employees and loyalty of QMI clients. We have taken measures to ensure that the transfer in ownership will result in a seamless transition of services and employment.”

Headquartered in Toronto, Ontario, QMI has more than 400 certified audit professionals and holds accreditation with major accreditation bodies. Established in 1984, QMI has issued thousands of certificates in North America and overseas to national and international management system standards such as the International Organization for Standardization 9001 quality management standards and ISO 14000 environmental management standards. QMI also registers companies to various food, health care, forestry and aerospace standards.

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