June 2022
Global quality and safety solutions provider Intertek has been acquired by private equity firm Carlyle Group in a deal valued at approximately $2.8 billion. This acquisition is expected to accelerate Intertek’s global expansion plans, allowing the company to further strengthen its position as a major player in the quality and safety testing and certification sector.
About Intertek
Intertek is a global leader in quality and safety solutions, providing testing, inspection and certification services to a wide range of industries, including food, cosmetics, pharmaceuticals and energy. With a network of more than 1,000 laboratories and offices in 100 countries, Intertek is well positioned to meet the growing demand for quality and safety solutions globally.
About the Carlyle Group
Carlyle Group is a private equity firm with a long history of investing in leading companies across various industries. With more than $200 billion in assets under management, Carlyle Group has a strong track record of identifying and investing in companies with significant growth potential.
The acquisition
Carlyle Group’s acquisition of Intertek is expected to accelerate the company’s global expansion plans, allowing it to further strengthen its position in the quality and safety testing and certification sector. The transaction is valued at approximately $2.8 billion, with the Carlyle Group acquiring all of Intertek’s outstanding shares.
Key Benefits
The acquisition is expected to bring several key benefits to Intertek, including:
* Enhanced Global Presence: The Carlyle Group’s global network and resources will enable Intertek to expand its operations and customer base into new markets.
* Increased investment in innovation: Carlyle Group has a strong track record of investing in innovation and R&D, which will enable Intertek to continue to develop new and improved testing and certification solutions.
* Strengthened Industry Position: The acquisition is expected to further strengthen Intertek’s position as a major player in the quality and safety testing and certification sector.
Conclusion
Carlyle Group’s acquisition of Intertek represents a significant development in the quality and safety testing and certification sector. The deal is expected to accelerate Intertek’s global expansion plans, allowing the company to further strengthen its position in the industry. With the support and resources of The Carlyle Group, Intertek is well positioned to continue providing high-quality services to its customers and meet the growing demand for quality and security solutions globally.
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