Intertek acquires environmental services firm for £1.3m
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
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
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
The top stocks in the FTSE 100
After a year of strong returns for the UK’s flagship index, which FTSE 100 stocks have posted the best performance in 2024?
By Dan McEvoy Published
-
A junior ISA could turn your child’s pocket money into thousands of pounds
Persuading your child to put their pocket money in a junior ISA might be difficult, but the pennies could quickly grow into pounds – and teach them a valuable lesson about money
By Katie Williams Published