Printer Friendly

UK Intertek takes over renewables consultancy Metoc.


UK testing and inspection specialist Intertek Group (LON:ITRK) said today it has purchased engineering and environmental consultancy Metoc for GBP8m (USD12.9m/EUR9.2m) in cash.

Metoc has been owned by its management so far.

The takeover of Metoc, which employs about 80, will widen Intertek's staff in the field of renewables to some 200 worldwide.

Metoc offers advisory services to firms during the initial stages of construction and operation of wind, wave, oil, gas, solar and hydro-electric projects. Its purchase will place the renewable energy activities of Intertek at the initial stage of the projects' development, the company said.Country: UK, Sector: Alternative Energy, Business and Consumer ServicesTarget: Metoc plcBuyer: Intertek Group plcVendor: Metoc's managementDeal size in USD: 12.9mType: Corporate acquisitionStatus: Closed

COPYRIGHT 2010 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Geographic Code:4EUUK
Date:Nov 1, 2010
Previous Article:Solvay Pharma board to examine merger with Abbott India on 24 Nov.
Next Article:Cosalt gets approach for marine business.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters