Acquisition

RNS Number : 4154L

Intertek Group PLC

06 May 2010

 

Intertek acquires Norca Ingenieria de Calidad S.L

Intertek Group plc (Intertek), the leading international provider of quality and safety services to a wide range of industries, announces that it has acquired Norca Ingenieria de Calidad S.L ('Norca'), a company that provides infrastructure risk assessment services for the energy industry in Spain. The company was purchased from its management shareholders for a cash consideration of EUR 4.3 million (GBP 3.7 million).

Norca assesses the safety and reliability of energy infrastructure at the design, construction, commissioning and operational phases of plants and equipment with a focus on nuclear energy plants in Spain. Clients use Norca's services to create risk assessment models and operational quality management systems. Norca provides services to all of Spain's major nuclear power plants and to a number of non-nuclear facilities.

As many governments increase their focus on nuclear power in order to meet growing energy demand and carbon dioxide emission targets more risk assessment services on ageing plants and new commissions are being required.

Norca, which employs 70 inspectors and consultants across Spain and has a head office in Santander, will form part of Intertek's Industrial Services Division.

Wolfhart Hauser, Chief Executive Officer of Intertek, commented: 

"Norca is a strategic and complementary addition to our growing portfolio of industrial inspection and asset integrity management consulting services in our Industrial Services division. It brings us expertise and services that we can extend to clients across Europe".

Contacts

Aston Swift / Sarah Ogilvie Intertek

Telephone: [phone]     

[e-mail] / [e-mail]

Richard Mountain / Sophie Kernon, Financial Dynamics

Telephone: [phone]

[e-mail] / [e-mail]

Notes to Editors

ABOUT INTERTEK

Intertek is a leading provider of quality and safety solutions serving a wide range of industries around the world. From auditing and inspection, to testing, quality assurance and certification, Intertek people are dedicated to adding value to customers' products and processes, supporting their success in the global marketplace. Intertek has the expertise, resources and global reach to support its customers through its network of more than 1,000 laboratories and offices and over 25,000 people in more than 100 countries around the world.

Intertek Group plc (LSE: ITRK) is listed on the London Stock Exchange and is a constituent of the FTSE 100 index.

www.intertek.com

 

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