Intertek acquires testing services firm NDT

Quality control services group Intertek has acquired NDT Services, a provider of non-destructive testing services to the energy, petrochemical, power and aerospace industries.

The group was purchased through the acquisition of its parent company, Materials Testing & Inspection Services, from its management shareholders for £17m in cash.

NDT's services are used by companies to assess the integrity and reliability of a range of industrial components being manufactured or on installations. It employs 130 staff and is headquartered in Derby, UK.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues 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

Sign up

Intertek said: "NDT helps clients to identify flaws or defects in aircraft, pipeline, power station, refinery and oil platform components to assess their projected lifespan in order to reduce the risk of failure and disruption to operations."

The firm said that the increasing regulation and standardisation of components, infrastructure and industrial products, as well as increased investment in quality assurance by companies to reduce risks, is driving the demand of NDT's services.

Wolfhart Hauser, Intertek's Chief Financial Officer, commented on Monday morning: ""NDT has a strong reputation and market position and we are pleased to welcome the company to Intertek.

"Building on our Moody acquisition, this acquisition enhances our existing services to our energy, petrochemical, power and aerospace clients and reflects our strategy of continually expanding our capabilities to meet the full quality needs of clients in each industry".