Intertek Group Regulatory News (ITRK)

7 Dec 2005 13:35

Intertek Group PLC07 December 2005 7 December 2005, for immediate release Intertek Group plc ("Intertek") Intertek and DEKRA AG (DEKRA) agree joint acquisition and disposal ofcertification business Intertek, the global testing, inspection and certification company, announcesthe agreement with DEKRA, the international service provider, of a simultaneousacquisition and disposal. Intertek has acquired the remaining 51% of the shares not already owned byIntertek in the Swedish company, DEKRA-SEMKO Certification AB for EUR 1.3million (£ 0.9 million). Intertek has sold its 49% holding in the Germancompany, DEKRA Intertek Certification GmbH to DEKRA for EUR 3.6 million (£ 2.4million). This deal ends the historical joint venture between Intertek and DEKRA. Thisenables Intertek and DEKRA to focus on growing the system certification business(ISO 9000, ISO 14001, etc), using the strengths and resources of theirrespective companies. Intertek will align the system certification business withthe product certification business within the Intertek ETL SEMKO division whereall of Intertek's system certification will be consolidated from 2006. Bothorganisations will continue to cooperate and support each other's activities. For further information, please contact Aston Swift, Treasurer and Investor RelationsTelephone: +44 (0) 20 7396 3400 aston.swift@intertek.com Tim Lynch, Tulchan CommunicationsTelephone: +44 (0) 20 7353 4200 intertekteam@tulchangroup.com Corporate website: www.intertek.com High resolution images of Intertek Group plc businesses are available todownload, free of charge from www.vismedia.co.uk. ABOUT INTERTEK Intertek is a leading international testing, inspection and certificationorganisation which assesses customers' products and commodities against a widerange of safety, regulatory, quality and performance standards and certifies themanagement systems of customers. Intertek has over 300 laboratories and over14,500 people around the world and is increasingly undertaking outsourcedtesting work for its customers. This information is provided by RNS The company news service from the London Stock Exchange