Intertek Group PLC Acquisition (4052H)
13 March 2018 - 2:00AM
UK Regulatory
TIDMITRK
RNS Number : 4052H
Intertek Group PLC
12 March 2018
INTERTEK ACQUIRES ALDO ABELA SURVEYS (AAS)
Intertek Strengthens Services with Acquisition of Cargo Inspection Specialist
in the Mediterranean
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12 March 2018
Intertek Group plc ('Intertek'), a Total Quality Assurance
provider to a range of industries worldwide, is pleased to announce
that it has acquired Aldo Abela Surveys (AAS) Limited, a leading
provider of quality and quantity cargo inspection services, based
in Malta.
AAS's service portfolio includes professional and independent
inspection services covering custody transfer of liquid cargoes,
bunker surveys, loading and unloading operations and bulk cargo
inspections. AAS also provides Assurance solutions for cargo
damage, blending operations, ship-to-ship transfers, sampling and
tank cleanliness certification.
With the long-term growth in global trade flows and an increase
in regulatory, safety and environmental requirements, companies are
seeking a partner to assist them at every stage of their supply
chains to mitigate risk. The acquisition of AAS leaves Intertek
uniquely positioned to provide a Total Quality Assurance service
offering to its cargo customers in the Mediterranean region and
globally. Intertek Caleb Brett will provide an extensive range of
Assurance, Testing, Inspection and Certification services ('ATIC')
to optimise quality control and reduce customers' financial,
operational and environmental risks.
Intertek Caleb Brett operates a global network of laboratories
and has a 130-year track record of performance delivering the
highest quality of Inspection and Testing services, with precision,
pace and passion to customers with full transparency to minimise
risk across their complex supply chains.
AAS is a trusted partner to many international oil traders and
operators who rely on its expertise to ensure quality and quantity
when trading and transporting high value petroleum cargo
movements.
AAS employs 10 people and in 2017 generated revenues of
c.EUR770,000.
André Lacroix, Chief Executive Officer of Intertek, said:
"The acquisition of AAS will expand our quality inspections
footprint in the Mediterranean region and will further strengthen
Intertek Caleb Brett as the leader in providing Total Quality
Assurance to the cargo industry worldwide. We are very pleased to
welcome AAS and its highly trained people to Intertek and look
forward to seizing the compelling structural opportunities in the
industry together."
A video describing how AAS complements Intertek's Total Quality
Assurance services, can be viewed at
www.intertek.com/investors/
-ENDS-
Contacts
For further information please contact:
Josh Egan, Investor Relations
Telephone: +44 (0) 20 7396 3415 investor@intertek.com
Jonathon Brill, FTI Consulting
Telephone: +44 (0) 20 3727 1000 intertek@fticonsulting.com
About Intertek
Total Quality. Assured.
Intertek is a leading Total Quality Assurance provider to industries
worldwide. Our network of more than 1,000 laboratories and offices and
over 42,000 people in more than 100 countries, delivers innovative and
bespoke Assurance, Testing, Inspection and Certification solutions for
our customers' operations and supply chains. Intertek Total Quality
Assurance expertise, delivered consistently with precision, pace and
passion, enabling our customers to power ahead safely.
Visit www.intertek.com
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This information is provided by RNS
The company news service from the London Stock Exchange
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