PARC Acquisition

03 Aug 2005

Intertek, the global testing, inspection and certification company, announces the acquisition of 100% of the issued share capital of PARC Technical Services, Inc (“PARC”), a petroleum and chemical process and automotive engine testing services company, for US$7.0m (£3.9m) in cash. PARC will be part of the Caleb Brett division of Intertek.

PARC operates pilot plants that simulate oil refineries, automotive test engines for the performance testing of oils and lubricants and other specialised services for the petroleum, synthetic fuels, chemical and catalyst industries. PARC brings new specialist technology to Caleb Brett that complements the existing outsourcing strategy and Caleb Brett will provide PARC with the resources and global infrastructure to grow internationally.

PARC originated from the Gulf Oil Research and Development Company and was established as a separate entity in 1986. Prior to the sale to Intertek, PARC was owned by Gemini Holdings, Inc.