Intertek buys into Dutch Laboratory Services International.
26 November 2012 - UK quality and safety solutions provider Intertek Group plc (LON:ITRK) has paid EUR5m (USD6.5m) in cash for a 75% stake in Netherlands-based metals testing firm Laboratory Services International BV (LSI), the buyer said today.
The stake was bought from the company's management shareholders, Intertek added. LSI will be now integrated into the buyer's Commodities division.
The move is intended to give Intertek access to the global non-ferrous metals, metals concentrate and ferro-alloy inspection and testing market. By combining LSI's expertise in metal testing with Intertek's international inspection services network, the parties will create strong opportunities for future growth, John Fowler, vice president of Intertek's Global Minerals business, commented.
LSI, which has 27 full-time employees, uses advanced instrumental techniques, conventional procedures such as wet chemistry and a[euro]oefire assaya[euro] to monitor metal purities and concentrations. The company serves over 200 clients across the globe, including producers, traders and end-users of metals and minerals.Country: NetherlandsSector: Business and Consumer ServicesTarget: Laboratory Services International BV (LSI)Buyer: Intertek Group plcVendor: LSI's management shareholdersDeal size in USD: 6.5mType: Corporate acquisitionStatus: Closed
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|Publication:||M & A Navigator|
|Date:||Nov 26, 2012|
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