Back to News & Events

Santa Fe Group further invests in China with full acquisition of Sino Santa Fe

Santa Fe Group further invests in China with full acquisition of Sino Santa Fe

Posted: 26-Apr-2017            


We are excited to announce that the Santa Fe Group has acquired 100% ownership of Sino Santa Fe or Santa Fe China. Santa Fe China will change from a 50/50 joint venture company to a wholly-owned subsidiary of the Santa Fe Group. This agreement for full ownership is part of our 2020 Strategy to be the pre-eminent leader in our industry and it reinforces our long-standing commitment to China. We are grateful and appreciative of the support and partnership from China International Engineering Consulting Corporation (CIECC) over the past 30 years since the establishment of Sino Santa Fe in March 1985. Sino Santa Fe has been one of China’s most successful joint ventures in any industry and without CIECC’s contribution, our China business would not enjoy the market leadership position it does today.