Less Ads, More Data, More Tools Register for FREE

Pin to quick picksIntertek Group Regulatory News (ITRK)

Share Price Information for Intertek Group (ITRK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4,714.00
Bid: 4,742.00
Ask: 4,744.00
Change: 0.00 (0.00%)
Spread: 2.00 (0.042%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 4,714.00
ITRK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Acquisition

1 Nov 2010 07:00

RNS Number : 3200V
Intertek Group PLC
01 November 2010
 



1 November 2010, 7am London, UK

Intertek announces two acquisitions

Metoc

Intertek Group plc (Intertek), the leading international provider of quality and safety services to a wide range of industries, announces that it has acquired Metoc plc (Metoc), a company that provides engineering and environmental consultancy services to the renewable energy infrastructure sector worldwide.

The company was purchased from its management shareholders for a cash consideration of GBP 8 million and employs 80 consultants in the UK across sites in Hampshire, Cardiff and Dundee. It will form part of Intertek's Industrial Services Division.

Metoc provides consultancy and advisory services to companies at the 'concept', construction and operational stage of new wind, wave, oil, gas, solar and hydro-electric projects. It provides expert assessments of the feasibility and impact of infrastructure projects in terms of their design, interconnectivity and environmental impact. This includes advisory work on offshore infrastructure and interconnectors, onshore and offshore environmental and safety impact assessments, subsea, land and waterway modelling, site surveys and related engineering consultancy work.

Increasing development of energy infrastructure and land and subsea power interconnectors is driving demand for Metoc's services. Governments are also requiring more stringent preliminary environmental and ecosystem impact assessments before new infrastructure projects or cabling is approved. Metoc's clients include global and local energy sector companies and their contractors on projects in Europe, North and South America, the Middle East and Africa.

Profitech

Intertek has also acquired Profitech an analytical laboratory technology modelling company in the UK with two employees. Profitech was purchased from its owner-shareholders for GBP 0.4 million cash consideration with additional consideration of up to GBP 0.6 million payable in 2011 and 2012 dependant on financial performances. Profitech's analytical modelling techniques complement Intertek's upstream services within its Analytical Services division, in the area of oil and gas metering, measurement and allocation.

Wolfhart Hauser, Chief Executive Officer of Intertek, commented:

"Metoc brings us an excellent set of new advisory capabilities in various fast-growing renewable energy segments. Its services complement our existing infrastructure analysis and inspection support to oil, gas, wind, solar and nuclear clients. We welcome Metoc and Profitech's expert teams to Intertek".

 

-ends-

Contacts

Aston Swift / Sarah Ogilvie Intertek

Telephone: +44 (0) 20 7396 3400

aston.swift@intertek.com / sarah.ogilvie@intertek.com

 

Richard Mountain / Sophie Moate, Financial Dynamics

Telephone: +44 (0) 20 7269 7121

richard.mountain@fd.com / sophie.moate@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 over 26,000 people in more than 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

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQEAXENAFSEFFF
Date   Source Headline
1st Sep 20151:00 pmRNSTotal Voting Rights
3rd Aug 20151:00 pmRNSTotal Voting Rights
3rd Aug 20157:00 amRNSHalf Yearly Report
27th Jul 20153:00 pmRNSHolding(s) in Company
1st Jul 20151:00 pmRNSTotal Voting Rights
23rd Jun 20157:00 amRNSDirectorate Change
1st Jun 20151:00 pmRNSTotal Voting Rights
21st May 20154:01 pmRNSBlocklisting Interim Review
21st May 20154:01 pmRNSBlocklisting Interim Review
21st May 20154:00 pmRNSDirector/PDMR Shareholding
15th May 20154:15 pmRNSDirectorate Change
15th May 20154:15 pmRNSResult of AGM
15th May 20157:00 amRNSAGM Trading Update
1st May 20151:00 pmRNSTotal Voting Rights
21st Apr 20159:00 amRNSDirector Declaration
13th Apr 20157:00 amRNSAnnual Financial Report
1st Apr 20151:00 pmRNSTotal Voting Rights
9th Mar 20153:50 pmRNSDirector/PDMR Shareholding
9th Mar 20153:50 pmRNSDirector/PDMR Shareholding
9th Mar 20153:50 pmRNSDirector/PDMR Shareholding
4th Mar 20152:00 pmRNSHolding(s) in Company
2nd Mar 20151:00 pmRNSTotal Voting Rights
2nd Mar 20157:00 amRNSFinal Results
2nd Feb 20151:00 pmRNSTotal Voting Rights
2nd Jan 20151:00 pmRNSTotal Voting Rights
19th Dec 20143:26 pmRNSDirector Declaration
18th Dec 20142:00 pmRNSDirector/PDMR Shareholding
15th Dec 20143:00 pmRNSHolding(s) in Company
12th Dec 20142:00 pmRNSHolding(s) in Company
8th Dec 20142:00 pmRNSHolding(s) in Company
4th Dec 20142:00 pmRNSHolding(s) in Company
1st Dec 20141:00 pmRNSTotal Voting Rights
26th Nov 20142:00 pmRNSHolding(s) in Company
21st Nov 20141:00 pmRNSBlocklisting Interim Review
21st Nov 20141:00 pmRNSBlocklisting Interim Review
19th Nov 20147:00 amRNSInterim Management Statement
3rd Nov 20141:00 pmRNSTotal Voting Rights
14th Oct 20142:00 pmRNSHolding(s) in Company
13th Oct 20142:00 pmRNSHolding(s) in Company
6th Oct 20142:00 pmRNSHolding(s) in Company
3rd Oct 20142:00 pmRNSHolding(s) in Company
3rd Oct 20142:00 pmRNSHolding(s) in Company
1st Oct 20141:00 pmRNSTotal Voting Rights
30th Sep 20147:00 amRNSDirectorate Change
1st Sep 20141:00 pmRNSTotal Voting Rights
18th Aug 20144:30 pmRNSHolding(s) in Company
4th Aug 20147:00 amRNSHalf Yearly Report
1st Aug 20141:00 pmRNSTotal Voting Rights
1st Jul 20141:00 pmRNSTotal Voting Rights
6th Jun 20144:00 pmRNSDirectorate Change

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.