Intertek Group Regulatory News (ITRK)

16 Jan 2007 07:00

Intertek Group plc (Intertek), a leading international provider ofquality and safety services to a wide range of industries, announcesthat its Oil, Chemical and Agri division (Caleb Brett) has acquiredUmitek Ltd, a holding company, and its wholly owned operatingsubsidiaries CAPCIS Ltd and Smith Rea Energy Limited (SREL). £ CAPCIS is Europe's leading Independent Materials Consultancy andSpecialist Testing Group providing a fully integrated range ofservices across highly regulated and capital intensive industries.CAPCIS has developed an enviable reputation over 30 years for itsfundamental understanding, specialist expertise and advanced materialstesting capabilities. This includes specialist consultancy fortesting, selection and monitoring of advanced materials andcomponents, development and evaluation of chemicals for upstream oiland gas production, infrastructure reliability and asset lifeprotection, expert witness and litigation support. £ SREL is the market leading provider of specialist hydrocarbonallocation and production reporting consultancy services tointernational oil & gas production companies. SREL assists clients todevelop unique fiscal accounting models and associated commercialagreements for complex production and allocation systems. Servicesinclude the development and auditing of commercial and contractualagreements, the development and implementation of comprehensiveallocation computer systems, the provision of specialist allocationand metering consultancy services and a fully outsourced operationalmanagement service. £ The acquisitions of CAPCIS and SREL strongly enhance the depth andextend the range of specialist support services Intertek offers to itskey industries and markets. £ Intertek's Executive Vice President and CEO of the Oil, Chemicaland Agri division, Mark Loughead, comments: "The expertise andservices provided by CAPCIS and SREL further expands our capability inproviding high-end R&D, consulting and testing support to major globalindustries such as Oil & Gas, Construction and Manufacturing,Aerospace and Engineering and others. Both companies provide excellentand complementary services to our existing offerings that will deliverenhanced value to our customers." £ UMITEK's Chairman, David Pridden, comments: "We are delighted tohave completed the sale of Umitek and its principal operatingcompanies CAPCIS and SREL to the UK based Intertek Group. Thisacquisition presents an exciting opportunity for the management andemployees to further develop the CAPCIS and SREL brands as part of ahighly regarded international company." £ About Intertek: £ Intertek Group plc (FTSE:ITRK) is a leading international providerof quality and safety services to a wide range of global and localindustries. Partnership with Intertek brings increased value tocustomers' products and processes, ultimately supporting their successin the global market place. Intertek has the experience, expertise,resources and global reach to support its customers through theirnetwork of 910 laboratories and offices, 17,400 people in 110countries around the world. www.intertek.com £ Intertek's Oil, Chemical & Agri division (Caleb Brett), provides24/7/365 services to industry and markets including manufacturing,chemicals, energy, pharmaceutical and food. Intertek offers a widerange of R&D, laboratory testing, inspection, consultancy, outsourcingand related activities to support clients on a global basis.www.intertek-cb.com £ About CAPCIS: £ CAPCIS is a client focused high technology company, having beenspun-off from the University of Manchester research center as anindependent operation 30 years ago. CAPCIS is a well respectedindustrial consultancy for materials analyses and specialist testingengaging in client-driven R&D projects and consultancy for materialand asset design, monitoring and lifetime determinations. CAPCISservices a wide and diverse range of industries and markets.www.capcis.com £ About SREL: £ Smith Rea Energy Limited (SREL), founded in 1981, is a leadingindependent provider of hydrocarbon stewardship services, helpingclients understand and manage the delivery of hydrocarbon value fromproduction to market. Key business areas include hydrocarbonaccounting, specialist simulation and modelling and supportingsoftware development. www.srel.co.uk £ High resolution images of Intertek Group plc businesses areavailable to download, free of charge from www. vismedia.co.uk Copyright Business Wire 2007