Intertek Acquires Alta Analytical Laboratory Corp.

04 Dec 2006

Intertek Group plc (Intertek) announces the acquisition of pharmaceutical testing company Alta Analytical Laboratory Corporation (Alta). Intertek, the leading international provider of quality and safety services to a wide range of industries, announces that its Oil, Chemical and Agri division (Caleb Brett) has acquired Alta for US$ 25.5 million (GBP 13.0 million) in cash from the owner managers.

Alta supports North American pharmaceutical and clinical research organisations by providing a variety of analytical services including the testing that is required in the development of new drugs. The business, based out of two sites in California, has over 100 employees and counts major global pharmaceutical companies among its clients.

Wolfhart Hauser, Chief Executive Officer of Intertek, commented: “We are delighted to announce this acquisition in the growing area of pharmaceutical analysis. Alta’s expertise and business gives us a platform to build a global presence in this area, extending our existing European offering.”

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 910 laboratories and offices, 17,400 people in 110 countries around the world.