Acquisition

Intertek Group PLC 19 February 2008 Intertek acquires CML Biotech Limited Intertek Group plc (Intertek), the leading international provider of quality and safety services to a wide range of industries, announces the acquisition of CML Biotech Limited (CML), the holding company for the Commercial Microbiology Group, a microbiology testing laboratory and consulting business for the oil and gas industry. Intertek purchased CML from its management shareholders Dr Stephen Maxwell and John McCulloch for an initial cash consideration of GBP 8 million and deferred consideration of approximately GBP 2 million payable in March 2009. CML provides laboratory and consultancy services and sells testing kits related to the measurement and management of bacteria in the upstream oil and gas industry. The business supports oil and gas exploration companies in addressing bacterial contamination of pipelines and infrastructure used during production, storage, and extraction of oil and gas reserves. The integrity of pipelines is affected by corrosion caused by bacteria. Bacterial and hygiene services are also provided for drinking water supplied to offshore platforms and vessels. CML has a strong industry wide reputation for its expertise and experience in this analytical services sector. While the majority of CML's operations are in the North Sea and Gulf of Mexico markets, CML also supports the other main oil and gas provinces, including North and West Coast Africa, the Caspian Sea and the Middle East. These and other oil reserve regions present growth opportunities for CML and Intertek together. CML has 54 employees in total, based in Aberdeen, Scotland and in Houston, USA, and it will form part of Intertek's Analytical Services division. Wolfhart Hauser, Chief Executive Officer of Intertek, commented: 'CML is a valuable addition to our upstream analytical services business. The business holds a very strong and impressive market position in microbial services, which will expand the suite of expert services that we deliver as a partner to the oil & gas exploration industry globally'. -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 From 1 January 2008, Intertek's Analytical Services, previously part of the Group's Oil Chemical & Agri division, became a standalone division. For further details of this and the surrounding divisional re-organisation, refer to Intertek's stock exchange announcement of 11 December 2007. 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
UK 100

Latest directors dealings