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Intertek Group, the testing and quality assurance company, has acquired Labs & Testing S.A. (L&T), a provider of chemical, microbiological, non-destructive testing and environmental services for £1.3m
The privately owned company, which employs 80 staff, provides a range of chemical and microbiological services primarily in the Agri and Food segments for the fishing industry and the large supermarket chains.
The acquisition further expands Intertek's network within the Industry and Assurance division.
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Wolfhart Hauser, chief executive officer of Intertek, said: "This acquisition of L&T is another step in the strategic development of our South America offering.
"It gives Intertek broader access to the market, particularly in relation to Industrial Services and Food. I believe that this acquisition will put Intertek in a good position to benefit from the growing South American market."
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Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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