Business
Acquisition and Disposal
Acquisition and Disposal.
About this update from Intertek Group Plc
[{"type":"text","content":"\n Intertek Group PLC\n07 December 2005\n\n\n7 December 2005, for immediate release\n\nIntertek Group plc ('Intertek')\n\nIntertek and DEKRA AG (DEKRA) agree joint acquisition and disposal of\ncertification business\n\nIntertek, the global testing, inspection and certification company, announces\nthe agreement with DEKRA, the international service provider, of a simultaneous\nacquisition and disposal.\n\nIntertek has acquired the remaining 51% of the shares not already owned by\nIntertek in the Swedish company, DEKRA-SEMKO Certification AB for EUR 1.3\nmillion (£ 0.9 million). Intertek has sold its 49% holding in the German\ncompany, DEKRA Intertek Certification GmbH to DEKRA for EUR 3.6 million (£ 2.4\nmillion).\n\nThis deal ends the historical joint venture between Intertek and DEKRA. This\nenables Intertek and DEKRA to focus on growing the system certification business\n(ISO 9000, ISO 14001, etc), using the strengths and resources of their\nrespective companies. Intertek will align the system certification business with\nthe product certification business within the Intertek ETL SEMKO division where\nall of Intertek's system certification will be consolidated from 2006. Both\norganisations will continue to cooperate and support each other's activities.\n\nFor further information, please contact\n\nAston Swift, Treasurer and Investor Relations\nTelephone: +44 (0) 20 7396 3400 [email protected]\n\nTim Lynch, Tulchan Communications\nTelephone: +44 (0) 20 7353 4200 [email protected]\n\nCorporate website: www.intertek.com\n\nHigh resolution images of Intertek Group plc businesses are available to\ndownload, free of charge from www.vismedia.co.uk.\n\nABOUT INTERTEK\n\nIntertek is a leading international testing, inspection and certification\norganisation which assesses customers' products and commodities against a wide\nrange of safety, regulatory, quality and performance standards and certifies the\nmanagement systems of customers. Intertek has over 300 laboratories and over\n14,500 people around the world and is increasingly undertaking outsourced\ntesting work for its customers.\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n NNBDDBBK \n ","length":2568,"tagName":"div"}]