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.
Subscribe to 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
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."
NR
-
Shein shifts IPO focus to Hong KongThe development piles fresh pressure on London’s beleaguered stock market, which many had hoped would be boosted by Shein’s IPO
-
Scientists turn lead into gold – could it wreck the yellow metal's price?Medieval alchemists have been vindicated after scientists turned lead into gold, but the results aren’t going to crash the gold price any time soon
