Intertek Group Acquires 3 Businesses For GBP11.5 Million
01 August 2011 - 8:55AM
Dow Jones News
Intertek Group PLC (ITRK.LN), a firm engaged in testing,
inspection and certification of products, commodities and services,
Monday said it acquired three businesses for a total consideration
of GBP11.5 million.
MAIN FACTS:
-Acquired food testing laboratory Food Analytical Laboratory
Limited from its management shareholders for a total consideration
of GBP6 million.
-Food Analytical will form part of Intertek's Industry &
Assurance division.
-Acquired Recherche Developpement & Consulting - Bruxelles
SA, a firm specializing in environmental impact consulting for
consumer products industries, for a total consideration of GBP5
million.
-Brussels, Belgium based Recherche Developpement will form part
of the company's Consumer Goods division.
-Acquired fuel and lubricant analysis and consulting business,
QinetiQ U.K. Fuel and Lubricants Testing, from QinetiQ Group PLC
(QQ.LN) for GBP0.5 million in an asset purchase agreement; Will
form part of Intertek's Chemicals & Pharmaceuticals
division.
-Shares on Friday closed at GBP19.15.
-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448,
tapan.panchal@dowjones.com
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