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.
 | |
| Company type | Public limited company |
|---|---|
| LSE: ITRK FTSE 100 Index Component | |
| Industry | Testing |
| Founded | 1888 |
| Headquarters | London, England, UK |
Key people |
|
| Revenue |  £3,328.7 million (2023)[2] |
| £551.1 million (2023)[2] | |
| £318.1 million (2023)[2] | |
Number of employees | 40,000 (2024)[3] |
| Website | www |
History
editIntertek 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
editIntertek 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
editOn 16 May 2015, André Lacroix succeeded Wolfhart Hauser as CEO of the company.[14]
See also
edit
References
edit- ^ a b "Intertek Group PLC Profile". MarketWatch.com. Retrieved 5 January 2020.
- ^ a b c "Annual Results 2023" (PDF). Intertek. Retrieved 5 March 2024.
- ^ a b "About Us". Intertek. Retrieved 11 February 2024.
- ^ a b c "History". Intertek. Retrieved 15 March 2015.
- ^ "False data charges threaten Intertek flotation". The Independent. 22 September 2000. Retrieved 27 February 2020.
- ^ "Intertek Buys Ciba Expert Services Division". Presswire. 7 April 2010. Retrieved 15 March 2015.
- ^ "Intertek Acquires National Software Testing Labs". PRWeb. 19 September 2007. Archived from the original on 23 December 2019. Retrieved 22 December 2019.
- ^ "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.
- ^ Turner, Lorraine (7 March 2011). "Intertek makes $730 million strategic buy in energy". Reuters. Retrieved 27 February 2020.
- ^ Ruddick, Graham (8 March 2011). "Intertek buys Moody International for £450m". The Daily Telegraph. Retrieved 27 February 2020.
- ^ Carcano, Sonia. "Intertek Group's A$855 Million Acquisition of Assurance and Standards Arms from SAI Global". Retrieved 8 November 2022.
- ^ Armitstead, Louise (23 April 2009). "Intertek shares soar on speculation of bid from Swiss rival SGS". The Daily Telegraph. Retrieved 27 February 2020.
- ^ "Industries". Intertek. Retrieved 27 February 2020.
- ^ Treanor, Jill (15 May 2015). "Incoming Intertek chief forgoes bonus after shareholder backlash". The Guardian. Retrieved 27 February 2020.