Having in mind the activity of our company, the decision to acquire the Gosa Institute, a scientific-research organization dealing with the scientific-research and development,, was of a business matter. The activity of the Institute Goša shall remain the same, which is the obligation of Millennium Team per the Agreement, which is also the goal of the parent company – to continue the development of the Company.
As part of its core business, the Millennium Team is engaged in the construction of hydrotechnical facilities, infrastructure – roads, railroads, gas pipelines, steam pipelines, special works, consulting and construction engineering. Considering the activity of Millennium Team, the decision to acquire Institute Goša which performs science-research activities and development in the field of natural and technical-technological sciences was a business one. It is important to point out that the Gosa Institute also has a Research and Education Center in the field of welding and related procedures, as well as a Center for the development of welding technology, qualifications and training of welders. The Gosa Institute with its non-destructive testing laboratories, ie calibration and expertise related to welding works, represents a significant support in the further realization of our company’s projects.
The Gosa Institute has 38 employees, mostly highly qualified and professional engineers who deal with material testing and training of welders. It is a well-known that this type of personnel is currently deficient in the labor market of the Republic of Serbia. The Gosa Institute does not have big problems and debts, it currently works with foreign partners, such as the German Giz. Our goal is to continue this cooperation and to position the Gosa Institute even better on the market of the Republic of Serbia. The activity of the Institute Goša shall remain the same, which is the obligation of Millennium Team per the Agreement, which is also the goal of the parent company – to continue the development of the Company.