Moody International Ltd. provided technical services to reduce risk in the petroleum industry, amongst others.
 | |
| Industry | Technical services |
|---|---|
| Founded | 1911 |
| Defunct | April 28, 2011 |
| Fate | Acquired by Intertek in 2011 |
| Headquarters | , |
On April 28, 2011, the company was acquired by Intertek for £450 million. At that time, the company had over 2,500 employees[1] and 80 offices in 60 countries.[2]
History
editThe company was founded in the United States in 1911.[2]
In 1948, the company opened an office in Japan, its first international office.[2]
The company opened an office in United Arab Emirates, its first office in the Middle East, in 1986. It opened offices in China in 1993 and Baku in 1996.[2]
In 2007, the company was acquired by Investcorp of Bahrain for £192 million.[1][3]
On April 28, 2011, the company was acquired by Intertek for £450 million.[4][1][5]
References
edit- ^ a b c Ruddick, Graham (8 March 2011). "Intertek buys Moody International for £450m". The Daily Telegraph.
- ^ a b c d "Moody International: 100 Years of Global Expertise and Local Presence". SlideShare. 6 April 2011.
- ^ "Investcorp to Acquire Moody International". RigZone.
- ^ "Intertek completes Moody acquisition" (Press release). Intertek. April 28, 2011.
- ^ Turner, Lorraine (March 7, 2011). "Intertek makes $730 million strategic buy in energy". Reuters.