Intertek

Last updated

Intertek Group plc
Company type Public limited company
LSE:  ITRK
FTSE 100 Index Component
Industry Testing
Founded1888;136 years ago (1888)
Headquarters London, England, UK
Key people
RevenueIncrease2.svg £3,192.9 million (2022) [2]
Increase2.svg £520.1 million (2022) [2]
Increase2.svg £306.8 million (2022) [2]
Number of employees
40,000 (2024) [3]
Website www.intertek.com

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.

Contents

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 and 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]

In May 2021, Intertek acquired SAI Global's Assurance and Standards Business units. [11]

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. [12]

The company has more than 44,000 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. [13]

Leadership

On 16 May 2015, André Lacroix succeeded Wolfhart Hauser as CEO of the company. [14]

See also

Related Research Articles

The General Electric Company (GEC) was a major British industrial conglomerate involved in consumer and defence electronics, communications, and engineering.

<span class="mw-page-title-main">Permanent TSB</span> Irish banking group

Permanent TSB Group Holdings plc, formerly Irish Life and Permanent plc is a provider of personal financial services in Ireland. Irish Life Assurance plc and the Irish Permanent Building Society merged to form the Irish Life and Permanent Group in 1999 and the merged entity acquired the Trustee Savings Bank in 2001. The group has no connection to the UK's TSB Bank.

<span class="mw-page-title-main">Aviva</span> British insurance company

Aviva plc is a British multinational insurance company headquartered in London, England. It has about 18 million customers across its core markets of the United Kingdom, Ireland and Canada. In the United Kingdom, Aviva is the largest general insurer and a leading life and pensions provider. Aviva is also the second largest general insurer in Canada.

<span class="mw-page-title-main">Future plc</span> British publishing company

Future plc is a British publishing company. It was started in 1985 by Chris Anderson. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">Pearson plc</span> British multinational publishing and education company

Pearson plc is a British multinational publishing and education company headquartered in London. It was founded as a construction business in the 1840s, but switched to publishing in the 1920s. As of 2017, it is the largest education company in the world and was once the largest book publisher in the world.

<span class="mw-page-title-main">Prudential plc</span> British multinational life insurance and financial services company

Prudential plc is a British multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people.

Quest Diagnostics is an American clinical laboratory. A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. Quest also maintains collaborative agreements with various hospitals and clinics across the globe.

André Lacroix is a French businessman who, from 16 May 2015, is chief executive of the FTSE 100 multinational company Intertek Group plc.

<span class="mw-page-title-main">Charles River Laboratories</span> American biotechnology and pharmaceutical corporation

Charles River Laboratories International, Inc., is an American pharmaceutical company specializing in a variety of preclinical and clinical laboratory, gene therapy and cell therapy services for the Pharmaceutical, Medical device and Biotechnology industries. It also supplies assorted biomedical products, outsourcing services, and animals for research and development in the pharmaceutical industry and offers support in the fields of basic research, drug discovery, safety and efficacy, clinical support, and manufacturing.

<span class="mw-page-title-main">Perrigo</span> Irish tax-registered pharmaceutical

Perrigo Company plc is an American Irish–registered manufacturer of private label over-the-counter pharmaceuticals, and while 70% of Perrigo's net sales are from the U.S. healthcare system, Perrigo is legally headquartered in Ireland for tax purposes, which accounts for 0.60% of net sales. In 2013, Perrigo completed the sixth-largest US corporate tax inversion in history when it reregistered its tax status to Ireland to avoid U.S. corporate taxes. Perrigo maintains its corporate headquarters in Grand Rapids, Michigan, within Michigan State University's Grand Rapids Innovation Park.

Inchcape plc is a British multinational automotive distribution, retail and services company headquartered in London. An outgrowth of Calcutta-based Mackinnon Mackenzie Company, Inchcape has operations in 32 countries across Asia, Australia, Europe, Africa and South America.

Standard Life is a life assurance, pensions and long-terms savings company in the UK which is owned by Phoenix Group.

<span class="mw-page-title-main">Bureau Veritas</span> French company

Bureau Veritas is a French company specialized in testing, inspection and certification founded in 1828. It operates in a variety of sectors, including building and infrastructure, agri-food and commodities, marine and offshore, industry, certification and consumer products.

<span class="mw-page-title-main">THG plc</span> British e-commerce retail company

THG plc, formerly The Hut Group, is a British e-commerce retail company headquartered at Manchester Airport, England. It sells own-brand and third-party cosmetics, dietary supplements and luxury goods online. It provides an end-to-end e-commerce service to third parties through its Ingenuity division. As of 2023, the company operates 16 fulfilment centres worldwide.

Moody International Ltd. provided technical services to reduce risk in the petroleum industry, amongst others.

<span class="mw-page-title-main">Phoenix Group</span> British insurance company

Phoenix Group Holdings plc is a provider of insurance services based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

NCC Group is an information assurance firm headquartered in Manchester, United Kingdom. Its service areas cover software escrow and verification, cyber security consulting and managed services. NCC Group claims over 15,000 clients worldwide. The company is listed on the London Stock Exchange.

SAI360, formerly known as SAI Global, is a multinational business services company that is based in Chicago, Illinois, United States. It offers risk management services, quality assurance audit and certification, auditor training, standards information services, and property services.

Element is a global Testing Inspection and Certification (TIC) company headquartered in London. It specialises in materials testing and provision of certification schemes in building material, aerospace, transportation, health sciences, oil and gas, and fire protection. The company was ranked as number 15 in the Sunday Times Top Track 250 listing in 2020, i.e one of top fifteen private mid-market growth companies in the UK. It has been described by its former investor, Bridgepoint Group as the "undisputed heavyweight in testing, inspection and certification" in the UK.

References

  1. 1 2 "Intertek Group PLC Profile". MarketWatch.com. Retrieved 5 January 2020.
  2. 1 2 3 "Annual Results 2022". Intertek. Retrieved 28 February 2023.
  3. 1 2 "About Us". Intertek. Retrieved 11 February 2024.
  4. 1 2 3 "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. Archived from the original on 22 June 2020. Retrieved 27 February 2020.
  9. ↑ Turner, Lorraine (7 March 2011). "Intertek makes $730 million strategic buy in energy". Reuters . Retrieved 27 February 2020.
  10. ↑ Ruddick, Graham (8 March 2011). "Intertek buys Moody International for £450m". The Daily Telegraph . Retrieved 27 February 2020.
  11. ↑ Carcano, Sonia. "Intertek Group's A$855 Million Acquisition of Assurance and Standards Arms from SAI Global" . Retrieved 8 November 2022.
  12. ↑ Armitstead, Louise (23 April 2009). "Intertek shares soar on speculation of bid from Swiss rival SGS". The Daily Telegraph . Retrieved 27 February 2020.
  13. ↑ "Industries". Intertek. Retrieved 27 February 2020.
  14. ↑ Treanor, Jill (15 May 2015). "Incoming Intertek chief forgoes bonus after shareholder backlash". The Guardian . Retrieved 27 February 2020.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.