Intertek

Intertek Group plc is a British multinational assurance, inspection, product testing and certification company headquartered in London, United Kingdom.

Intertek Group plc
Public limited company
Traded asLSE: ITRK
FTSE 100 Index Component
ISINGB0031638363 
IndustryTesting
Founded1888 (1888)
HeadquartersLondon, United Kingdom
Key people
David Reid (Chairman)
André Lacroix (CEO)
Revenue£2,801.2 million (2018)[1]
£456.5 million (2018)[1]
£305.2 million (2018)[1]
Number of employees
42,000 (2018)[2]
Websitewww.intertek.com

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.[3]

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.[4] 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.[5]

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.[6] These businesses were all acquired by Inchcape plc during the 1980s and early 1990s.[6]

In 1996, Inchcape Testing Services was acquired by Charterhouse Capital Partners and was renamed Intertek.[6]

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.[7] In April 2010, Intertek acquired Ciba Expert Services’ Environmental, Safety, & Testing and Regulatory businesses, including Cantox Health Sciences (Cantox) and Ashuren Health Sciences (Ashuren).[8]

In April 2011, the company acquired Moody International.[9][10][11][10]

Leadership

On 16 May 2015, André Lacroix succeeded Wolfhart Hauser as CEO of the company.[12][13]

See also

References

  1. "Annual Results 2018". Intertek. Retrieved 8 March 2019.
  2. "About us". Intertek.
  3. Armitstead, Louise (23 April 2009). "Intertek shares soar on speculation of bid from Swiss rival SGS". The Daily Telegraph.
  4. "About Us". Intertek.
  5. "Industries". Intertek.
  6. "History". Intertek. Retrieved 15 March 2015.
  7. "False data charges threaten Intertek flotation". The Independent. 22 September 2000.
  8. "Intertek Buys Ciba Expert Services Division". Presswire. 7 April 2010. Retrieved 15 March 2015.
  9. "Intertek completes Moody acquisition" (Press release). Intertek. 28 April 2011.
  10. Ruddick, Graham (8 March 2011). "Intertek buys Moody International for £450m". The Daily Telegraph.
  11. Turner, Lorraine (7 March 2011). "Intertek makes $730 million strategic buy in energy". Reuters.
  12. "Directorate Change: André Lacroix to become Chief Executive in May 2015" (Press release). Intertek. 30 September 2014.
  13. Treanor, Jill (15 May 2015). "Incoming Intertek chief forgoes bonus after shareholder backlash". The Guardian.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.