Intertek, the FTSE 100 quality and safety testing group, has acquired 75 per cent of the issued capital of LSI, a global minerals reference testing laboratory for five million euros.
LSI is located in Rotterdam in the Netherlands, with 27 full-time employees.
Wolfhart Hauser, Chief Executive Officer of Intertek, said: "LSI adds new world-class trade reference testing capabilities to our minerals business within our Commodities division with an excellent reputation for precision and customer service."
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The group also said that the new business will enhance its existing minerals services by extending world-class trade verification services to its customers.
LSI supports vendors and buyers of mineral consignments around the world, with analytical testing of traded minerals as a worldwide reference laboratory.
As a London Metal Exchange approved facility, LSI is used by customers to ascertain precise minerals values when settling commercial trades of minerals, it added.
NR
-
The UK cities where it’s cheaper to buy a house than rentFor people in some areas of the country, home ownership is a distant dream. But for others it can be surprisingly affordable.
-
Review: The Grill at the DorchesterThe Grill at the Dorchester has a new, easy-going atmosphere, but the food is serious: from punchy beef wellington to grown-up tarte tatin, says Dan McEvoy
