Intertek Group Regulatory News (ITRK)

18 Sep 2007 07:01

Intertek Group PLC18 September 2007 18 September 2007, 7am London, UK Intertek announces two acquisitions Intertek Group plc (Intertek), the leading international provider of quality andsafety services to a wide range of industries, announces two acquisitions:National Software Testing Labs, Inc. (NSTL) a company that tests software formobile devices and PCs in North America, and Northern Territory EnvironmentalLaboratories Pty Ltd (NTEL), a minerals and environmental analytical testinglaboratory in Darwin, Australia. NSTL was acquired from its shareholders Lloyd Holder and Gerald Roche forUSD24.0m (GBP12m) in cash. The company provides a range of quality, complianceand functionality testing services for applications on mobile devices tomanufacturers, application developers, platform sponsors and wireless serviceproviders for applications used for entertainment, gaming, banking and otherbusiness purposes. The acquisition bolsters Intertek's capability and presence in the NorthAmerican application software testing market for mobile devices, following itsacquisition of Product Quality Partners Inc, earlier this year. NSTL has itsheadquarters in Philadelphia, and offices and laboratories in the states ofCalifornia and Washington, USA and in Canada, Brazil, India and Taiwan. NSTLjoins Intertek's other mobile device and applications testing laboratories inCalifornia, New Jersey and Kentucky, USA. NTEL was acquired from its four management shareholders for AUD2.4m (GBP1m) incash. NTEL provides geochemical and environmental analysis to the miningexploration industry in Australia. NTEL's services and geographical locationextend Intertek's analytical services in the minerals, mining and explorationindustries in Australia, Asia and Africa and support continuing demand fromChina and India. Wolfhart Hauser, Chief Executive Officer of Intertek, commented: 'We are pleased to have acquired NSTL, a move which reflects our focus onincreasing our customers' edge in the marketplace, and reducing their time tomarket with customer-responsive support and rapid turnaround times. With ourservice objectives and global network we will offer a single-point solutionmaking customers' product releases to global markets and mobile networks fasterand more efficient than ever before. We also welcome NTEL to the Group, wherethe company's expertise, geographical presence and resources will strengthen ourgrowing position in the Asia Pacific minerals market and environment-relatedservices'. -ends- ContactsAston Swift / Sarah Ogilvie IntertekTelephone: +44 (0) 20 7396 3400aston.swift@intertek.com / sarah.ogilvie@intertek.com Richard Mountain / Susanne Yule, Financial DynamicsTelephone: +44 (0) 20 7269 7121richard.mountain@fd.com / susanne.yule@fd.com Notes to Editors ABOUT INTERTEK Intertek (LSE: ITRK) is the leading international provider of quality and safetyservices to a wide range of global and local industries. Partnership withIntertek brings increased value to customers' products and processes, ultimatelysupporting their success in the global market place. Intertek has theexperience, expertise, resources and global reach to support its customersthrough its extensive network of laboratories and offices, with over 20,000people in more than 100 countries around the world. This information is provided by RNS The company news service from the London Stock Exchange