Intertek

Intertek Group plc is a British multinational assurance, inspection, product testing and certification company headquartered in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Intertek Group plc
Public limited company
Traded asLSE: ITRK
FTSE 100 Index Component
ISINGB0031638363 
IndustryTesting
Founded1888 (1888)
HeadquartersLondon, England, UK
Key people
Revenue£2,987.0 million (2019)[2]
£524.2 million (2019)[2]
£333.6 million (2019)[2]
Number of employees
46,000 (2019)[3]
Websitewww.intertek.com

History

Intertek traces its origins from a marine surveying business formed by Caleb Brett in the 1890s, a testing laboratory formed by Milton Hersey in Montreal in 1888 and a lamp testing centre established by Thomas Edison in 1896.[4] These businesses were all acquired by Inchcape plc during the 1980s and early 1990s.[4]

In 1996, Inchcape Testing Services was acquired by Charterhouse Capital Partners and was renamed Intertek.[4]

In 2000, the Company was divested by Charterhouse who also fired the majority of the staff before it rehired mainly british management and higher before it was listed in 2002 on the London Stock Exchange.[5] In April 2010, Intertek acquired Ciba Expert Services’ Environmental, Safety, & Testing and Regulatory businesses, including Cantox Health Sciences (Cantox) and Ashuren Health Sciences (Ashuren).[6]

On 19 September 2007, Intertek announced its acquisition of National Software Testing Laboratories.[7]

In April 2011, the company acquired Moody International.[8][9][10][9]

Operations

Intertek Consumer Goods and Retail is the largest tester of consumer goods in the world and has a network of more than 1,000 laboratories across around 100 countries.[11]

The company has more than 42,000 employees across 100 countries in over 1,000 locations including large-scaled offices and testing facilities in New York City, London and Hong Kong.[3] Centered around its laboratory testing services, the company provides quality and safety assurance to industries such as construction, healthcare, food and transport. Products tested include batteries, accessories, apparel and chemicals.[12]

Leadership

On 16 May 2015, André Lacroix succeeded Wolfhart Hauser as CEO of the company.[13]

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See also

References
  1. "Intertek Group PLC Profile". MarketWatch.com. Retrieved 5 January 2020.
  2. "Annual Results 2019". Intertek. Retrieved 3 March 2020.
  3. "About Us". Intertek. Retrieved 27 February 2020.
  4. "History". Intertek. Retrieved 15 March 2015.
  5. "False data charges threaten Intertek flotation". The Independent. 22 September 2000. Retrieved 27 February 2020.
  6. "Intertek Buys Ciba Expert Services Division". Presswire. 7 April 2010. Retrieved 15 March 2015.
  7. "Intertek Acquires National Software Testing Labs". PRWeb. 19 September 2007. Archived from the original on 23 December 2019. Retrieved 22 December 2019.
  8. "Intertek acquires Moody International for a consideration of £450 million". Invest in UK. 7 March 2011. Retrieved 27 February 2020.
  9. Ruddick, Graham (8 March 2011). "Intertek buys Moody International for £450m". The Daily Telegraph. Retrieved 27 February 2020.
  10. Turner, Lorraine (7 March 2011). "Intertek makes $730 million strategic buy in energy". Reuters. Retrieved 27 February 2020.
  11. Armitstead, Louise (23 April 2009). "Intertek shares soar on speculation of bid from Swiss rival SGS". The Daily Telegraph. Retrieved 27 February 2020.
  12. "Industries". Intertek. Retrieved 27 February 2020.
  13. Treanor, Jill (15 May 2015). "Incoming Intertek chief forgoes bonus after shareholder backlash". The Guardian. Retrieved 27 February 2020.
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