Acquisition

Intertek Group PLC 07 June 2007 7 June 2007, 11:00am (UK) Intertek acquires pharmaceutical testing company Quantitative Technologies Inc (QTI) Intertek Group plc (Intertek), a leading international provider of quality and safety services to a wide range of industries, announces the acquisition of Quantitative Technologies Inc (QTI), a US-based pharmaceutical testing company, for USD20.0 million (GBP10.0 million) in cash from its shareholders C Bacon, P Winslow and R Meyer. A further cash consideration of up to USD5.0 million (GBP2.5 million) will be payable in March 2008, dependent on performance in 2007. QTI, based in New Jersey, will further Intertek's growth in the provision of expert analytical support services to the global pharmaceutical, medical device and drug delivery industries. It joins Intertek's existing pharmaceutical laboratory network across the UK, Europe, and the recently-acquired Alta bio-analytical laboratories in California, USA. Wolfhart Hauser, Chief Executive Officer of Intertek, commented: 'We are delighted with this acquisition which follows a number of acquisitions made already this year across a variety of industries in Australia, Singapore, Finland and the UK. QTI improves our offering in analytical testing and support to the pharmaceutical and biotechnology industry and our provision of a global service.' -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 7831 3113 richard.mountain@fd.com / susanne.yule@fd.com Notes to Editors ABOUT INTERTEK Intertek is a 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 930 laboratories and offices, over 18,000 people in 109 countries around the world. ABOUT QTI QTI is an eminent contract analytical research and development laboratory, serving the pharmaceutical, medical device and drug delivery industry in North America for over 15 years. Specialising in the pre-market launch stages of the drug and product development life cycle, QTI is located in Whitehouse, New Jersey, with approximately 60 staff and counts major global pharmaceutical companies among its clients. The laboratory is highly regarded for technical expertise, rigorous compliance programmes, and outstanding customer service - it is a current Good Manufacturing Practice (cGMP) facility in good standing with the FDA. This information is provided by RNS The company news service from the London Stock Exchange
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