Acquisition

6 Feb 2008 11:15

Intertek Group PLC06 February 2008 Stock Exchange Release 6 February 2008, 11.15am London, UK Intertek acquires Epsilon Technical Services Ltd Intertek Group plc (Intertek), the leading international provider of quality andsafety services to a wide range of industries, announces the acquisition ofEpsilon Technical Services Ltd (Epsilon), a safety testing and advisory servicesbusiness for companies with products for use in potentially explosiveatmospheres. Intertek purchased Epsilon from its founding shareholders Sean Clarke andStephen D'Henin for an initial cash consideration of GBP1.8m and a subsequentcash consideration of up to GBP0.6m, dependent on performance in 2008. Epsilon provides testing and certification of equipment used in explosiveatmospheres and provides consultancy, training and site assessments to customersin a wide range of industries that have explosive-atmosphere workplaces underthe EU directives. These include petrochemical plants, refineries, distilleries,flourmills, woodworking machine plants, paint spraying plants, water industryoperations and petrol forecourts. Epsilon employs 24 staff in the UK, and threemore in the US and Denmark. The business will complement the existing explosiveenvironment certification services that Intertek provides in these areas and tothese industries through its commercial & electrical and analytical servicesbusinesses. Epsilon will form part of Intertek's Commercial & Electricaldivision. Wolfhart Hauser, Chief Executive Officer of Intertek, commented: "There is a high and growing demand for testing and certification of equipmentand systems in explosive environments. Many of our clients operate hazardousenvironments and we will be able to transfer Epsilon's knowledge and expertisewidely across the Group's customer base. We are pleased to strengthen ourexisting services and welcome Epsilon 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 Kernon, Financial Dynamics Telephone: +44 (0) 20 7269 7121 richard.mountain@fd.com / sophie.kernon@fd.com Notes to Editors ABOUT INTERTEK Intertek (LSE: ITRK) is the leading international provider of quality and safety services to a wide range of global and local industries. Partnership with Intertek brings increased value to customers' products and processes, ultimately supporting their success in the global market place. Intertek has the experience, expertise, resources and global reach to support its customers through its extensive network of laboratories and offices, with over 20,000 people in more than 100 countries around the world. www.intertek.com This information is provided by RNS The company news service from the London Stock Exchange