Last checked at 8 Dec 2011 07:00
08 December 2011, 7am London, UK
Intertek acquires Labs & Testing S.A. for £1.3 million
Intertek Group plc (Intertek), the leading international provider of quality and safety services to a wide range of industries, announces that it has acquired Labs & Testing S.A. (L&T), a provider of chemical, microbiological, non-destructive testing (NDT) and environmental services based in Santiago, Chile.
L&T, a privately owned company, was purchased on 30 November 2011 for a cash consideration of £1.3 million. It provides a wide range of chemical and microbiological services primarily in the Agri and Food segments for the fishing industry and the large supermarket chains, NDT services primarily for the mining sector and water safety testing for the petrochemical industry. It employs 80 staff.
This is a further expansion of Intertek's network within the Industry and Assurance division. The acquisition of L&T broadens Intertek's Chilean and wider South American operations, bringing services to the food industry and NDT services for the first time. L&T will support Intertek's global quality and safety services offering in the Industrials Services division.
Wolfhart Hauser, Chief Executive Officer of Intertek, commented:
"This acquisition of L&T is another step in the strategic development of our South America offering. It gives Intertek broader access to the market, particularly in relation to Industrial Services and Food. I am pleased to welcome L&T's employees to Intertek and believe that this acquisition will put Intertek in a good position to benefit from the growing South American market."
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Contacts
Aston Swift, Intertek
Telephone: +44 (0) 20 7396 3400
aston.swift@intertek.com
Richard Mountain, FTI Consulting
Telephone: +44 (0) 20 7269 7291
richard.mountain@fd.com
Notes to Editors
ABOUT INTERTEK
Intertek is a leading provider of quality and safety solutions serving a wide range of industries around the world. From auditing and inspection, to testing, quality assurance and certification, Intertek people are dedicated to adding value to customers' products and processes, supporting their success in the global marketplace. Intertek has the expertise, resources and global reach to support its customers through its network of more than 1,000 laboratories and offices and 30,000 people in over 100 countries around the world. Intertek Group plc (LSE: ITRK) is listed on the London Stock Exchange and is a constituent of the FTSE 100 index. www.intertek.com