Intertek Group PLC
01 November 2005
1 November 2005, 7am (UK)
Intertek Group plc ('Intertek')
Intertek acquires Automotive Research Laboratory
Intertek, the global testing, inspection and certification company, announces
the signing of an agreement to acquire Automotive Research Laboratory ('ARL')
from PerkinElmer for US$34.5m (£19.5m). Completion of the acquisition is
expected to take place on or before the 11th November 2005.
ARL provides independent testing services on automotive fuels and oils for
regulatory and performance standards and is one of the market leaders in this
field. ARL complements the existing oil and chemical testing business within
Caleb Brett, especially the recently acquired business of PARC that tests
automotive lubricants at the research and development stage. In addition, a
smaller part of the business comprises automotive component testing and this
will be combined with Intertek Entela.
ARL operates from a single site in San Antonio, Texas, employs 144 people and is
expected to have annual revenue in 2005 of approximately US$24m (£13.5m). The
management team and staff will continue to run the business utilising the
Intertek global laboratory network to pursue growth in North America and
overseas.
For further information, please contact
Aston Swift, Treasurer and Investor Relations
Telephone: +44 (0) 20 7396 3400 aston.swift@intertek.com
Tim Lynch, Tulchan Communications
Telephone: +44 (0) 20 7353 4200 intertekteam@tulchangroup.com
Corporate website: www.intertek.com
High resolution images of Intertek Group plc businesses are available to
download, free of charge from www.vismedia.co.uk.
ABOUT INTERTEK
Intertek is a leading international testing, inspection and certification
organisation which assesses customers' products and commodities against a wide
range of safety, regulatory, quality and performance standards and certifies the
management systems of customers. Intertek has over 300 laboratories and over
14,500 people around the world and is increasingly undertaking outsourced
testing work for its customers.
This information is provided by RNS
The company news service from the London Stock Exchange
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