Acquisition

Summary by AI BETAClose X

Intertek Group plc has acquired Professional Testing Laboratory, LLC (PTL), a leading US-based flooring products testing company, to strengthen its product testing business. PTL generated £4.3 million in revenue in 2024 and operates from a 30,000 square foot laboratory in Dalton, Georgia, employing 26 staff. This strategic acquisition is expected to unlock significant commercial synergies by expanding PTL's services to Intertek's existing clients and leveraging Intertek's global footprint to grow PTL's international reach within the $376 billion global flooring market, which is projected to grow at 6.8% annually to 2030.

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