4th Dec 2006 07:01
Intertek Group PLC04 December 2006 04 December 2006, 7am (UK) Intertek Group plc (Intertek) announces the acquisition of pharmaceuticaltesting company Alta Analytical Laboratory Corporation (Alta) Intertek, the leading international provider of quality and safety services to awide range of industries, announces that its Oil, Chemical and Agri division(Caleb Brett) has acquired Alta for US$ 25.5 million (GBP 13.0 million) in cashfrom the owner managers. Alta supports North American pharmaceutical and clinical research organisationsby providing a variety of analytical services including the testing that isrequired in the development of new drugs. The business, based out of two sitesin California, has over 100 employees and counts major global pharmaceuticalcompanies among its clients. Wolfhart Hauser, Chief Executive Officer of Intertek, commented:"We are delighted to announce this acquisition in the growing area ofpharmaceutical analysis. Alta's expertise and business gives us a platform tobuild a global presence in this area, extending our existing European offering." ContactsAston Swift, IntertekTelephone: +44 (0) 20 7396 [email protected] Richard Mountain, Susanne Walker, Financial DynamicsTelephone: +44 (0) 20 7831 [email protected] High resolution images of Intertek Group plc businesses are available todownload, free of charge from www.vismedia.co.uk About IntertekIntertek (FTSE:ITRK) is a leading international provider of quality and safetyservices to a wide range of global and local industries. Partnership withIntertek brings increased value to customers' products and processes, ultimatelysupporting their success in the global market place. Intertek has theexperience, expertise, resources and global reach to support its customersthrough their network of 910 laboratories and offices, 17,400 people in 110countries around the world.www.intertek.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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