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Intertek Group reveals two acquisitions in Industrial Services division - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Intertek Group Plc (ITRK.L) announced two acquisitions in its Industrial Services division.

Aptech Engineering Services was purchased from its management and employee shareholders for an initial cash consideration of US$5.0 million, or GBP 3.5 million. Further subsequent cash consideration payments of up to US$2.0 million, or GBP 1.4 million, and up to US$6.0 million, or GBP 4.2 million, dependant on financial performance, are payable in mid 2009 and in 2010 respectively.

Aptech provides risk-based inspection and consultancy services to businesses with new and ageing infrastructure.

WISco Enterprises LP and affiliates was acquired from its management owners for a cash consideration of US$26.5 million, or GBP 18.5 million.

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