Intertek enters agreement with CAPA
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Intertek enters exclusive agreement with Global Leader in Auto Parts Certification
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2 March 2018
Intertek Group plc ('Intertek'), a leading Total Quality Assurance provider to industries worldwide, is pleased to announce that it has entered into an exclusive services appointment and license agreement with the Certified Automotive Parts Association ('CAPA'), a leading, independent non-profit certification organization for automotive replacement parts.
The agreement grants Intertek exclusive rights to operate the CAPA certification programme around the world. It also represents a compelling opportunity for the Group to expand the CAPA testing programme so that it encompasses a wider range of replacement parts and regions where no formal process currently exists to assure the suitability and quality of automotive replacement products.
Under the agreement, Intertek will administer the programme, which includes managing daily operations, administering certification marks and labels, performing marketing activities and conducting testing and inspection services. CAPA will continue as a non-profit standard development organization, focusing on maintaining CAPA standards in support of its mission.
Aftermarket auto parts are made by manufacturers and used for post-sale repairs or enhancements in place of service parts produced by or for the original equipment manufacturers (OEMs). CAPA is the global leader in aftermarket part certification. For 30 years, CAPA standards have been used worldwide to certify that aftermarket auto parts are of high quality based on their design, materials and construction. Under their programme, more than 92 million replacement parts have been certified.
For more than 26 years, Intertek has served as a testing and validation partner to CAPA, based on years of expertise in performance, quality and reliability standards and expectations for the industry.
Commenting on the agreement, André Lacroix, Chief Executive Officer of Intertek, said:
"We are delighted to have entered into this agreement with CAPA, an organisation which has long been the leader in certifying aftermarket automotive parts and providing peace of mind to customers. We look forward to deepening our partnership with CAPA, building on its success and leveraging our global reach and experience to ensure that all safety, durability, fit and finish standards are met for replacement automotive parts throughout the world."
A video describing how CAPA complements Intertek's Total Quality Assurance services, can be viewed at www.intertek.com/investors/
-ENDS-
Contacts
For further information, please contact:
Josh Egan, Investor Relations
Telephone: +44 (0) 20 7396 3415 investor@intertek.com
Jonathon Brill, FTI Consulting
Telephone: +44 (0) 20 3727 1000 intertek@fticonsulting.com
About Intertek
Total Quality. Assured.
Intertek is a leading Total Quality Assurance provider to industries worldwide.
Our network of more than 1,000 laboratories and offices and over 42,000 people in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers' operations and supply chains.
Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely.
intertek.com
This information is provided by RNS
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