Intertek Group: Exane BNP revises target price from 3200p to 3650p maintaining an outperform rating.
26 Nov '12
Wolfhart Hauser, Chief Executive Officer of Intertek, commented: "LSI adds new world-class trade reference testing capabilities to our minerals business within our Commodities division with an excellent reputation for precision and customer service. We are pleased to welcome LSI and its team of experts to Intertek".
26 Nov '12
Intertek acquires Laboratory Services International B.V (LSI) Mineral Laboratory Intertek Group plc (Intertek), a leading provider of quality and safety services to a wide range of industries worldwide, announces that it has acquired 75% of the issued capital of LSI, a global minerals reference testing laboratory. The shareholding was purchased from LSI's management shareholders for a cash consideration of EUR 5 million (GBP 4 million). LSI supports vendors and buyers of mineral consignments globally with analytical testing of traded minerals as a worldwide reference laboratory. As a LME (London Metal Exchange) approved facility, LSI is used by customers around the world to ascertain precise minerals values when settling commercial trades of minerals. Demand for LSI's services is driven by global minerals trading activity. As a leading international reference testing laboratory, LSI will enhance Intertek's existing minerals services by extending world-class trade verification services to all our customers. LSI is located in Rotterdam, Netherlands with 27 full-time employees. The company will form part of Intertek's Commodities division.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.