Intertek Group PLC
03 August 2005
Intertek Group plc ('Intertek')
Intertek acquires PARC Technical Services, Inc
Intertek, the global testing, inspection and certification company, announces
the acquisition of 100% of the issued share capital of PARC Technical Services,
Inc ('PARC'), a US petroleum and chemical process and automotive engine testing
services company, for US$7.0m (£3.9m) in cash. PARC will be part of the Caleb
Brett division of Intertek.
PARC operates pilot plants that simulate oil refineries, automotive test engines
for the performance testing of oils and lubricants and other specialised
services for the petroleum, synthetic fuels, chemical and catalyst industries.
PARC brings new specialist technology to Caleb Brett that complements the
existing outsourcing strategy and Caleb Brett will provide PARC with the
resources and global infrastructure to grow internationally.
PARC originated from the Gulf Oil Research and Development Company and was
established as a separate entity in 1986. Prior to the sale to Intertek, PARC
was owned by Gemini Holdings, Inc.
For further information, please contact
Aston Swift, Treasurer and Investor Relations
Telephone: +44 (0) 20 7396 3400 aston.swift@intertek.com
Tim Lynch, Tulchan Communications
Telephone: +44 (0) 20 7353 4200 tlynch@tulchangroup.com
Corporate website: www.intertek.com
High resolution images of Intertek Group plc businesses are available to
download, free of charge from www.vismedia.co.uk.
ABOUT INTERTEK
Intertek is a leading international testing, inspection and certification
organisation which assesses customers' products and commodities against a wide
range of safety, regulatory, quality and performance standards and certifies the
management systems of customers. Intertek has 294 laboratories and over 13,500
people around the world and is increasingly undertaking outsourced testing work
for its customers.
This information is provided by RNS
The company news service from the London Stock Exchange
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