Intertek Group Regulatory News (ITRK)

3 Aug 2005 15:20

Intertek Group PLC03 August 2005 Intertek Group plc ("Intertek") Intertek acquires PARC Technical Services, Inc Intertek, the global testing, inspection and certification company, announcesthe acquisition of 100% of the issued share capital of PARC Technical Services,Inc ("PARC"), a US petroleum and chemical process and automotive engine testingservices company, for US$7.0m (£3.9m) in cash. PARC will be part of the CalebBrett division of Intertek. PARC operates pilot plants that simulate oil refineries, automotive test enginesfor the performance testing of oils and lubricants and other specialisedservices for the petroleum, synthetic fuels, chemical and catalyst industries. PARC brings new specialist technology to Caleb Brett that complements theexisting outsourcing strategy and Caleb Brett will provide PARC with theresources and global infrastructure to grow internationally. PARC originated from the Gulf Oil Research and Development Company and wasestablished as a separate entity in 1986. Prior to the sale to Intertek, PARCwas owned by Gemini Holdings, Inc. For further information, please contactAston Swift, Treasurer and Investor RelationsTelephone: +44 (0) 20 7396 3400 aston.swift@intertek.comTim Lynch, Tulchan CommunicationsTelephone: +44 (0) 20 7353 4200 tlynch@tulchangroup.comCorporate website: www.intertek.comHigh resolution images of Intertek Group plc businesses are available todownload, free of charge from www.vismedia.co.uk. ABOUT INTERTEKIntertek 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 294 laboratories and over 13,500people around the world and is increasingly undertaking outsourced testing workfor its customers. This information is provided by RNS The company news service from the London Stock Exchange