Intertek unveils double acquisition

Intertek Group, which provides solutions to industries worldwide, said Monday that it has completed two acquisitions worth a total of seven million pounds.

Intertek Group, which provides solutions to industries worldwide, said Monday that it has completed two acquisitions worth a total of seven million pounds.

The largest, worth £6.6m, was for 85% of the issued capital of E-Test, a Brazilian toy and consumer products testing laboratory.

Intertek has also acquired Food Safety Assessment (FSA), a food assurance services company, based in Johannesburg, South Africa, for £0.5m. The move extends Intertek's capabilities in its Food & Agri Business Line within the group's Industry & Assurance division.

Wolfhart Hauser, Chief Executive Officer of Intertek, said: "These two acquisitions further complement Intertek's portfolio of global quality solutions. E-Test allows us to increase our support to local companies and to our international customers who are producing or selling products in Brazil, while FSA further extends our global food supply chain services in Southern Africa."

NR

Recommended

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

Lab-grown meat: how “moo’s law” will drive innovation
Soft commodities

Lab-grown meat: how “moo’s law” will drive innovation

Jim Mellon and Anthony Chow, co-founders of Aim-listed Agronomics, explain why they believe that “cellular agriculture” will benefit from massive long…
16 Apr 2021
The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021
Lab-grown meat: the new agricultural revolution
Soft commodities

Lab-grown meat: the new agricultural revolution

Vegan alternatives are taking off, but the future of food technology lies in lab-grown meat – cultivating steaks and burgers from animal cells, says A…
16 Apr 2021