Intertek snaps up UK engine-testing firm

Quality and safety services firm Intertek has purchased Tickford Test Technology, a privately-own UK vehicle engine-testing business, as it attempts to build its exposure to growing regulation within the automobile industry.

Quality and safety services firm Intertek has purchased Tickford Test Technology, a privately-own UK vehicle engine-testing business, as it attempts to build its exposure to growing regulation within the automobile industry.

Tickford, once part of the Aston Martin group, tests petrol and diesel engines on behalf of manufacturers for a range of services including durability, performance and catalyst effectiveness as well as testing fuels and lubricants for efficiency and government and industry environmental standards.

The business was acquired by Intertek on December 31st 2012 from its management shareholder for £5.5m and will form part of the company's Commercial & Electrical division. It is located in Milton Keynes and has 57 full-time employees.

According to Intertek, demand for Tickford's services is expected to grow strongly, as engine manufacturers continue to develop fuel and emissions efficiency. Meanwhile, growing regulations in the EU over CO2 emissions and higher investment in hybrid technologies is also thought to support growth.

"Tickford is an excellent addition to the range of services Intertek supplies to manufacturers of engines, fuels and lubricants," said Intertek's Chief Executive Officer Wolfhart Hauser.

"Combining this highly reputable testing company with the similar services we provide from other locations will enable us to continue to provide a first class service on a global basis to our customers, especially as demands for engine improvements continue to increase. I am delighted to welcome the company to Intertek."

Recommended

Share tips of the week – 24 September
Share tips

Share tips of the week – 24 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
24 Sep 2021
Three strong Asian stocks trading at bargain prices
Share tips

Three strong Asian stocks trading at bargain prices

Professional investor Nitin Bajaj of the Fidelity Asian Values investment trust picks three stocks that dominate their industries, earn good returns o…
20 Sep 2021
Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021
Share tips of the week – 17 September
Share tips

Share tips of the week – 17 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
17 Sep 2021

Most Popular

Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021
The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021