Intertek

Not to be confused with Intertec.

Intertek Group plc
Company typePublic limited company
LSE: ITRK
FTSE 100 Index Component
IndustryTesting
Founded1888; 137 years ago (1888)
HeadquartersLondon, England, UK
Key people
RevenueIncrease £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]
Websitewww.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

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

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

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

See also

References

  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.