Intertek expands with £17m Black Country acquisition
INTERTEK Group, the leading international provider of quality services to a wide range of industries, has acquired a testing and inspection business with a base in the Black Country in a deal worth £17m.
The deal has seen Intertek take over Derby-based Materials Testing & Inspection Services Ltd and its operating subsidiary NDT Services Ltd, a leading provider of non-destructive testing services to the energy, petrochemical, power and aerospace industries.
The company, which has an operation in Stourbridge, was purchased from its management shareholders.
NDT’s non-destructive testing is used by companies to assess the integrity and reliability of a range of industrial components being manufactured or on installations. NDT helps clients to identify flaws or defects in aircraft, pipeline, power station, refinery and oil platform components to assess their projected lifespan in order to reduce the risk of failure and disruption to operations.
Demand for NDT’s services is driven by increasing regulation and standardisation of components, new and ageing infrastructure and industrial products, and by increased investment in quality assurance by companies to reduce operational and reputational risks.
NDT holds key industry accreditations and is a leading European provider of non-destructive testing to the aerospace industry and is a prominent operator in the power sector.
The business, which also has a base in Bristol, employs 130 people. It will now become part of Intertek’s Industry & Assurance division.
Wolfhart Hauser, Chief Executive, Intertek Group, said: “NDT has a strong reputation and market position and we are pleased to welcome the company to Intertek.
“Building on our Moody acquisition, this acquisition enhances our existing services to our energy, petrochemical, power and aerospace clients and reflects our strategy of continually expanding our capabilities to meet the full quality needs of clients in each industry.”
