Intertek

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Not to be confused with Intertec .

Intertek Group plc
Company type Public limited company
LSE :  ITRK
FTSE 100 Index Component
Industry Testing
Founded 1888 ; 136 years ago  ( 1888 )
Headquarters London , England, UK
Key people
Revenue Increase ￡ 3,328.7 million (2023) [2]
Increase ￡ 551.1 million (2023) [2]
Increase ￡ 318.1 million (2023) [2]
Number of employees
40,000 (2024) [3]
Website www .intertek .com

Intertek Group plc is a British multinational assurance, inspection , product testing and certification company headquartered in London , England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index .

History [ edit ]

Intertek traces its origins from a marine surveying business formed by Caleb Brett in the 1890s, a testing laboratory formed by Milton Hersey in Montreal in 1888 and a lamp testing centre established by Thomas Edison in 1896. [4] These businesses were all acquired by Inchcape plc during the 1980s and early 1990s. [4]

In 1996, Inchcape Testing Services was acquired by Charterhouse Capital Partners and was renamed Intertek . [4]

In 2000, the Company was divested by Charterhouse and was listed in 2002 on the London Stock Exchange . [5] In April 2010, Intertek acquired Ciba Expert Services’ Environmental, Safety, & Testing and Regulatory businesses, including Cantox Health Sciences (Cantox) and Ashuren Health Sciences (Ashuren). [6]

On 19 September 2007, Intertek announced its acquisition of National Software Testing Laboratories . [7]

In April 2011, the company acquired Moody International . [8] [9] [10]

In May 2021, Intertek acquired SAI Global's Assurance and Standards Business units. [11]

Operations [ edit ]

Intertek Consumer Goods and Retail is the largest tester of consumer goods in the world and has a network of more than 1,000 laboratories across around 100 countries. [12]

The company has more than 44,000 employees across 100 countries in over 1,000 locations including large-scaled offices and testing facilities in New York City , London and Hong Kong . [3] Centered around its laboratory testing services, the company provides quality and safety assurance to industries such as construction , healthcare , food and transport . Products tested include batteries, accessories, apparel and chemicals. [13]

Leadership [ edit ]

On 16 May 2015, Andre Lacroix succeeded Wolfhart Hauser as CEO of the company. [14]

See also [ edit ]

References [ edit ]

  1. ^ a b "Intertek Group PLC Profile" . MarketWatch.com . Retrieved 5 January 2020 .
  2. ^ a b c "Annual Results 2023" (PDF) . Intertek . Retrieved 5 March 2024 .
  3. ^ a b "About Us" . Intertek . Retrieved 11 February 2024 .
  4. ^ a b c "History" . Intertek . Retrieved 15 March 2015 .
  5. ^ "False data charges threaten Intertek flotation" . The Independent . 22 September 2000 . Retrieved 27 February 2020 .
  6. ^ "Intertek Buys Ciba Expert Services Division" . Presswire. 7 April 2010 . Retrieved 15 March 2015 .
  7. ^ "Intertek Acquires National Software Testing Labs" . PRWeb . 19 September 2007. Archived from the original on 23 December 2019 . Retrieved 22 December 2019 .
  8. ^ "Intertek acquires Moody International for a consideration of ￡450 million" . Invest in UK. 7 March 2011. Archived from the original on 22 June 2020 . Retrieved 27 February 2020 .
  9. ^ Turner, Lorraine (7 March 2011). "Intertek makes $730 million strategic buy in energy" . Reuters . Retrieved 27 February 2020 .
  10. ^ Ruddick, Graham (8 March 2011). "Intertek buys Moody International for ￡450m" . The Daily Telegraph . Retrieved 27 February 2020 .
  11. ^ Carcano, Sonia. "Intertek Group's A$855 Million Acquisition of Assurance and Standards Arms from SAI Global" . Retrieved 8 November 2022 .
  12. ^ Armitstead, Louise (23 April 2009). "Intertek shares soar on speculation of bid from Swiss rival SGS" . The Daily Telegraph . Retrieved 27 February 2020 .
  13. ^ "Industries" . Intertek . Retrieved 27 February 2020 .
  14. ^ Treanor, Jill (15 May 2015). " Incoming Intertek chief forgoes bonus after shareholder backlash " . The Guardian . Retrieved 27 February 2020 .

External links [ edit ]

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