Intertek Group PLC
01 August 2007
Stock Exchange Release
1 August 2007, 14:00pm: London, UK
Intertek announces an acquisition and new outsourcing deals
Intertek Group plc (Intertek), the leading international provider of quality
and safety services to a wide range of industries, announces the acquisition of
Product Quality Partners Inc (QP) and two new outsourcing deals with Imperial
Chemical Industries plc ('ICI') and Eastman Kodak Company.
QP was purchased from its shareholders Debra and Tom Hodgens for cash
consideration of USD8.25 million (GBP4.1 million). QP provides consultancy,
testing and certification services to major wireless and mobile application
providers, network carriers, and handset and accessory manufacturers. The
company has around 30 employees and has operations in the USA in Texas,
Illinois, New Jersey and California.
QP is recognised as a leader in North America in wireless device and application
testing and supports manufacturers with specialised services to achieve
interoperability and carrier network compatibility. Intertek is already a leader
in mobile device testing in North America. QP's expertise will enhance its
service-offering in the area of application testing for mobile devices.
ICI, one of the world's major coatings, adhesives, starch and synthetic polymers
businesses, has awarded Intertek a four-year outsourcing contract for analytical
laboratory services. As part of the deal, Intertek has acquired the
business assets of ICI's Measurement Science Group (MSG) for a total cash
consideration of GBP7.8 million. All 42 current MSG staff will transfer to
Intertek. MSG's operations will add to Intertek's global network of analytical
and measurement services. Located in Teesside, UK, MSG has extensive
capabilities and expertise in chemicals, polymers,
and pharmaceuticals and can support European and global markets.
Kodak's Eastman Gelatine Corporation has agreed to outsource analytical
testing laboratory services in Massachusetts,
USA to Intertek for three years. Under the agreement,
six employees will transfer to Intertek.
Wolfhart Hauser, Chief Executive Officer of Intertek, commented:
'These three deals demonstrate Intertek's commitment to increasing the breadth
and depth of services provided to our customers. The combination of strategic
acquisitions and new outsourcing relationships allow us to add new expertise
and resources into our global network to support demand from customers'.
-ends-
Contacts
Aston Swift / Sarah Ogilvie Intertek
Telephone: +44 (0) 20 7396 3400
aston.swift@intertek.com / sarah.ogilvie@intertek.com
Richard Mountain / Susanne Walker, Financial Dynamics
Telephone: +44 (0) 20 7831 3113
richard.mountain@fd.com / susanne.walker@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 their
network of 980 laboratories and offices, over 19,000 people in 109 countries
around the world.
This information is provided by RNS
The company news service from the London Stock Exchange
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