Intertek to acquire Moody International for £450m
SCIENTIFIC testing and analysis company Intertek, which has a centre of excellence in Manchester, has agreed to buy Moody International for £450m.
Moody, based in Haywards Heath, West Sussex, provides quality and safety services to the global energy industry.
Controlled by Investcorp Securities and management it employs 2,500 people in 80 offices across 60 countries.
Intertek’s chief executive Wolfhart Hauser said: “Moody operates in one of our core industries, the global energy market, which is set for strong long term growth. Moody is a successful company with a well regarded management team.
“The combination of Moody and Intertek provides a platform for the enlarged group to further develop its service offerings and network within the oil and gas industries specifically, but also to the wider energy and industrial markets. Intertek will now have a leading position in providing quality and safety services to the assets, processes and products for the energy market.”
In 2009 Intertek merged its North West Technology Centre at Bebington on the Wirral with the Analytical Sciences Group laboratory in Manchester to create a new facility at the Hexagon Tower in Blackley.
The centre provides services from routine analysis to advanced characterisation and chemical problem solving. It will also support developers and manufacturers working in fields including the pharmaceutical, personal care, medical device, specialty chemical and fine chemical sectors.
