Acquisition
Summary by AI BETAClose X
INTERTEK STRENGTHENS SOLAR ASSURANCE LEADERSHIP WITH PURCHASE OF MITSUI CHEMICALS SOLAR LABORATORY ASSETS IN INDIA
· India's fast-growing solar photovoltaic (PV) market is driving increasing demand for Risk-based Quality Assurance solutions.
· Mitsui Chemicals India's Solar PV Lab provides comprehensive solar PV testing and certification services to recognised national and global standards, enabling efficient market access for both Indian and international companies.
· Acquisition of the solar PV testing laboratory assets is highly complementary to Intertek's world-leading ATIC solutions for the solar industry, reinforcing the Group's position at the forefront of the global market.
More information is available here: https://www.intertek.com/investors/mitsui-solar-lab-assets-video/
16 April 2026: Intertek Group plc ("Intertek" and "Group"), a leading Total Quality Assurance provider to industries worldwide, has acquired the assets of a state-of-the-art solar PV laboratory in Ahmedabad, Gujarat, from Mitsui Chemicals India Pvt. Ltd., a leading global chemical manufacturer.
Solar PV is the fastest growing form of renewable energy worldwide and India is among the countries at the heart of this transition. With the Government of India committing to a target of 500 GW of non-fossil fuel power capacity by 20301 - including 280 GW of solar - demand for trusted, independent Quality Assurance solutions has never been greater.
This new Intertek solar PV lab will provide comprehensive ISO 17025 accredited testing services for solar PV installations, materials and components, offering BIS and IECEE CB Scheme accreditations. Its services will support Indian solar PV manufacturers and international companies looking to enter the country by driving efficiencies through harmonised testing and faster, more reliable global market access.
The acquisition of these assets is highly complementary to Intertek's Risk-based Quality Assurance offering for the solar PV industry, expanding its growing footprint in the Western India corridor and reinforcing its leadership in renewable energy assurance. Notably, the new capability builds on Intertek CEA's world-leading end-to-end solutions for the solar industry, including aerial drone inspections and solar plant inspections for manufacturers, developers and other market stakeholders.
André Lacroix, Chief Executive Officer of Intertek, said: "Solar is a major driver of the energy transition and India is one of the world's leading solar energy producers2, making it a highly attractive market for our industry-leading ATIC solutions. We look forward to seizing the exciting opportunities to accelerate growth and contribute long-term to India's electrification journey."
1 Unlocking India's Clean Energy Future: Ambitious Targets and Innovative Solutions, ETEnergyworld
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For further information please contact:
Denis Moreau, Investor Relations
Telephone: +44 (0) 20 7396 3415 investor@intertek.com
Jonathon Brill/James Styles, DGA
Telephone: +44 (0)7836 622 683 intertek@dgagroup.com
About Intertek
Intertek is a leading Total Quality Assurance provider to industries worldwide.
Our network of more than 1,000 laboratories and offices in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers' operations and supply chains.
Intertek is a purpose-led company to Bring Quality, Safety and Sustainability to Life. We provide 24/7 mission-critical quality assurance solutions to our clients to ensure that they can operate with well-functioning supply chains in each of their operations.
Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely.
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