Acquisition

23rd Apr 2007 07:00

Intertek Group PLC23 April 2007 23 April 2007, 7:00am (UK), London Intertek acquires Genalysis minerals laboratories in Australia Intertek Group plc (Intertek), a leading international provider of quality andsafety services to a wide range of industries, has acquired Genalysis LaboratoryServices Pty Ltd (Genalysis), a leading provider of analytical laboratoryservices to the minerals exploration industry in Australia and overseas. Intertek has acquired Genalysis, a private Australian company, from itsowner-managers for an initial cash consideration of AUD 42.0 million (GBP 17.5million) and a further cash consideration of approximately AUD 14.0 million (GBP5.8 million), payable in March 2008 dependent on performance in 2007. The acquisition will complement Intertek's existing global minerals services andexpand its network and capacity. Intertek already provides a range of analyticalservices to the world's mineral, ore and mining industries with facilities inAustralia, Indonesia, China, Philippines, Papua New Guinea, Brazil and NorthAmerica. Wolfhart Hauser, Chief Executive Officer of Intertek, commented:"Genalysis complements Intertek's existing minerals business strategically andwill enable us to increase our international market share in minerals testing.At the same time, it will position us well to benefit from the growinginternational commodities market." "Development, rapid industrialisation and growing numbers of new consumers inemerging economies, are driving the global demand for minerals. As a result,Intertek is managing growing volumes of minerals testing and analysis work fromcustomers globally as they increase their exploration, production, and exportvolumes to meet this demand." -ends-ContactsAston Swift, IntertekTelephone: +44 (0) 20 7396 [email protected] Richard Mountain / Susanne Walker, Financial DynamicsTelephone: +44 (0) 20 7831 [email protected]@fd.com Notes to Editors Founded in 1975 by Terry and Tena Wheeler, Genalysis offers sample preparationand analytical testing services for metals including gold, platinum, copper andnickel. Genalysis processes more than one million samples per year from over 55countries and offers fire assay, leachwell, partial digest and cyanidetechniques. With over 300 employees, it has a state-of-the-art laboratory inPerth and sample preparation facilities in Kalgoorlie and Adelaide (Australia)and Johannesburg (South Africa). Intertek supports minerals-sector clients around the world with samplepreparation and analysis of a wide range of metals, minerals, and raw materials,including gold, platinum, zinc and copper. With a variety of clients thatoperate from exploration through to production stages, Intertek also designs andoperates mining preparation plants and analytical laboratories at mine andexploration sites around the globe. About IntertekIntertek is a leading international provider of quality and safety services to awide range of global and local industries. Partnership with Intertek bringsincreased value to customers' products and processes, ultimately supportingtheir success in the global market place. Intertek has the experience,expertise, resources and global reach to support its customers through theirnetwork of more than 930 laboratories and offices, 18,000 people in 109countries around the world.For further information, visit www.intertek.com This information is provided by RNS The company news service from the London Stock Exchange

---

Related Shares:

Intertek Group