Intertek Group PLC
18 September 2007
18 September 2007, 7am London, UK
Intertek announces two acquisitions
Intertek Group plc (Intertek), the leading international provider of quality and
safety services to a wide range of industries, announces two acquisitions:
National Software Testing Labs, Inc. (NSTL) a company that tests software for
mobile devices and PCs in North America, and Northern Territory Environmental
Laboratories Pty Ltd (NTEL), a minerals and environmental analytical testing
laboratory in Darwin, Australia.
NSTL was acquired from its shareholders Lloyd Holder and Gerald Roche for
USD24.0m (GBP12m) in cash. The company provides a range of quality, compliance
and functionality testing services for applications on mobile devices to
manufacturers, application developers, platform sponsors and wireless service
providers for applications used for entertainment, gaming, banking and other
business purposes.
The acquisition bolsters Intertek's capability and presence in the North
American application software testing market for mobile devices, following its
acquisition of Product Quality Partners Inc, earlier this year. NSTL has its
headquarters in Philadelphia, and offices and laboratories in the states of
California and Washington, USA and in Canada, Brazil, India and Taiwan. NSTL
joins Intertek's other mobile device and applications testing laboratories in
California, New Jersey and Kentucky, USA.
NTEL was acquired from its four management shareholders for AUD2.4m (GBP1m) in
cash. NTEL provides geochemical and environmental analysis to the mining
exploration industry in Australia. NTEL's services and geographical location
extend Intertek's analytical services in the minerals, mining and exploration
industries in Australia, Asia and Africa and support continuing demand from
China and India.
Wolfhart Hauser, Chief Executive Officer of Intertek, commented:
'We are pleased to have acquired NSTL, a move which reflects our focus on
increasing our customers' edge in the marketplace, and reducing their time to
market with customer-responsive support and rapid turnaround times. With our
service objectives and global network we will offer a single-point solution
making customers' product releases to global markets and mobile networks faster
and more efficient than ever before. We also welcome NTEL to the Group, where
the company's expertise, geographical presence and resources will strengthen our
growing position in the Asia Pacific minerals market and environment-related
services'.
-ends-
Contacts
Aston Swift / Sarah Ogilvie Intertek
Telephone: +44 (0) 20 7396 3400
aston.swift@intertek.com / sarah.ogilvie@intertek.com
Richard Mountain / Susanne Yule, Financial Dynamics
Telephone: +44 (0) 20 7269 7121
richard.mountain@fd.com / susanne.yule@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.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.