Last checked at 1 Aug 2011 07:01
01 August 2011, 7.01 am London, UK
Intertek announces three acquisitions
Intertek Group plc (Intertek), the leading international provider of quality and safety services to a wide range of industries, announces that it has acquired:
Food Analytical Laboratory Limited (FAL)
FAL is a food testing laboratory which provides chemical and microbiological services for food producers in the UK.
The company was purchased from its management shareholders for a total consideration of approximately £6 million. It employs 73 people in Stoke on Trent. It will form part of Intertek's Industry & Assurance division, adding its laboratory to the division's existing Food & Agri auditing, food regulatory and advisory services.
Recherche, Developpement & Consulting - Bruxelles SA (RDC)
RDC specialises in environmental impact consulting for consumer products industries.
The company was purchased for a total consideration of approximately £5 million. Based in Brussels, Belgium, the business employs 28 people with a subsidiary office in Lille, France. RDC brings highly complementary expertise to Intertek clients seeking to reduce their product packaging, organisation and overall supply chain environmental impact. Its services include product-related lifecycle analysis, carbon footprinting, eco-labelling, greenhouse gas analysis and energy auditing, as well as a unique software tool to enable its clients to calculate product environmental impacts instantly. It will form part of the Consumer Goods division.
QinetiQ UK Fuel and Lubricants Testing Business (OALTB)
OALTB, a fuel and lubricant analysis and consulting business in the UK, has been acquired by Intertek from QinetiQ Group plc for a consideration of £0.5m in an asset purchase agreement. The business will enhance Intertek's expert testing capabilities in the energy and transport sector, whilst adding incremental sales volumes to the Group's existing fuel and lubricants testing services in the UK and overseas. OALTB employs 18 people and will continue to operate at its current site in Farnborough. It will form part of Intertek's Chemicals & Pharmaceuticals division.
Wolfhart Hauser, Chief Executive Officer of Intertek, commented:
"These three acquisitions demonstrate Intertek's progress in its strategy to add new expertise and capabilities across the supply chain in areas where our clients' development of new technologies and operations demand them. FAL will bring new expertise to Intertek and provide a UK-based food testing laboratory to complement the existing food services business. RDC will help position Intertek at the forefront of European clients' needs in environmental sustainability assessment, and OALTB will increase Intertek's reach in the fuel and lubricant testing markets".
"We look forward to welcoming these companies and their management teams to Intertek."
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 7291
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 30,000 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