Intertek acquisition and disposal

07 Dec 2005

Intertek, the global testing, inspection and certification company, announces the agreement with DEKRA AG (DEKRA), the international service provider, of a simultaneous acquisition and disposal.

Intertek has acquired the remaining 51% of the shares not already owned by Intertek in the Swedish company, DEKRA-SEMKO Certification AB for EUR 1.3 million (£ 0.9 million). Intertek has sold its 49% holding in the German company, DEKRA Intertek Certification GmbH to DEKRA for EUR 3.6 million (£ 2.4 million).

This deal ends the historical joint venture between Intertek and DEKRA. This enables Intertek and DEKRA to focus on growing the system certification business (ISO 9000, ISO 14001, etc), using the strengths and resources of their respective companies. Intertek will align the system certification business with the product certification business within the Intertek ETL SEMKO division where all of Intertek’s system certification will be consolidated from 2006. Both organisations will continue to cooperate and support each other’s activities.