News Article - 07 November 2008
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Camco International, a UK-based green consultancy firm, is aiming for stronger business in China after buying a 49 per cent minority interest in ESD Sinosphere (ESDS) for $246,823 (£155,906).

The company, which is also a carbon emissions measurement reduction project developer, explained that ESDS provides a variety of environmental services in China, including carbon emissions reporting for businesses.

Camco had already bought a 51 per cent stake in ESDS when it purchased its parent company ESD last year.

"The purchase of the minority interests demonstrates Camco's ongoing desire to grow our Chinese operations," said Camco chief executive Jeff Kenna.

"We have continued to see the benefits of a global consulting platform with a range of new opportunities emerging."

The firm said that ESDS earned pre-tax profits of $160,942 last year, while the deal valued the company at $603,721, with $100,000 of that debt.

Camco has one of the largest carbon credit portfolios in the world and has some 20 years of experience.

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