Privatised IESE successful international expansion
Auckland from Mt Eden (Source: Flickr, CC, By: Harrison Gulliver)
Alexander Richter
4 Jun 2015
International Earth Sciences is already a profitable company 6 months after being taken into private hands.
International Earth Sciences (IESE), a company specialising in geothermal analysis and micro-seismic studies, has recently announced that it is making profits and out of the “red” after just 6 months of being taken into private hands from the University of Auckland.
IESE states that it has expanded its overseas operation having “secured multi-million dollar contracts in Mexico, Japan, Germany, Indonesia, and New Zealand that had seen it go from being loss-making under university management to profitable in private hands.”
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Source: Scoop Business
