Acquisition

Intertek Group PLC 23 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 and safety services to a wide range of industries, has acquired Genalysis Laboratory Services Pty Ltd (Genalysis), a leading provider of analytical laboratory services to the minerals exploration industry in Australia and overseas. Intertek has acquired Genalysis, a private Australian company, from its owner-managers for an initial cash consideration of AUD 42.0 million (GBP 17.5 million) and a further cash consideration of approximately AUD 14.0 million (GBP 5.8 million), payable in March 2008 dependent on performance in 2007. The acquisition will complement Intertek's existing global minerals services and expand its network and capacity. Intertek already provides a range of analytical services to the world's mineral, ore and mining industries with facilities in Australia, Indonesia, China, Philippines, Papua New Guinea, Brazil and North America. Wolfhart Hauser, Chief Executive Officer of Intertek, commented: 'Genalysis complements Intertek's existing minerals business strategically and will enable us to increase our international market share in minerals testing. At the same time, it will position us well to benefit from the growing international commodities market.' 'Development, rapid industrialisation and growing numbers of new consumers in emerging economies, are driving the global demand for minerals. As a result, Intertek is managing growing volumes of minerals testing and analysis work from customers globally as they increase their exploration, production, and export volumes to meet this demand.' -ends- Contacts Aston Swift, Intertek Telephone: +44 (0) 20 7396 3400 Aston.swift@intertek.com Richard Mountain / Susanne Walker, Financial Dynamics Telephone: +44 (0) 20 7831 3113 Richard.mountain@fd.com Susanne.walker@fd.com Notes to Editors Founded in 1975 by Terry and Tena Wheeler, Genalysis offers sample preparation and analytical testing services for metals including gold, platinum, copper and nickel. Genalysis processes more than one million samples per year from over 55 countries and offers fire assay, leachwell, partial digest and cyanide techniques. With over 300 employees, it has a state-of-the-art laboratory in Perth and sample preparation facilities in Kalgoorlie and Adelaide (Australia) and Johannesburg (South Africa). Intertek supports minerals-sector clients around the world with sample preparation and analysis of a wide range of metals, minerals, and raw materials, including gold, platinum, zinc and copper. With a variety of clients that operate from exploration through to production stages, Intertek also designs and operates mining preparation plants and analytical laboratories at mine and exploration sites around the globe. About Intertek Intertek is a leading international provider of quality and safety services to a wide range of global and local industries. Partnership with Intertek brings increased value to customers' products and processes, ultimately supporting their success in the global market place. Intertek has the experience, expertise, resources and global reach to support its customers through their network of more than 930 laboratories and offices, 18,000 people in 109 countries 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
UK 100

Latest directors dealings