M&A Deal Summary

Intertek Acquires International Inspection Services

On March 3, 2014, Intertek acquired test/measurement equipment company International Inspection Services from Lamprell for 66M USD

Acquisition Highlights
  • This is Intertek’s 24th transaction in the Test/Measurement Equipment sector.
  • This is Intertek’s 6th largest (disclosed) transaction.
  • This is Intertek’s 1st transaction in United Arab Emirates.

M&A Deal Summary
Date 2014-03-03
Target International Inspection Services
Sector Test/Measurement Equipment
Buyer(s) Intertek
Sellers(s) Lamprell
Deal Type Divestiture
Deal Value 66M USD

Target

International Inspection Services

Abu Dhabi, United Arab Emirates
website
International Inspection Services Ltd (INSPEC), is an established NDT company with over 21 years of experience in providing high quality inspection and non-destructive testing services to the energy, oil and gas industry in the Middle East. With a commitment on delivering quality services, INSPEC expertise provides innovative solutions to a wide range of complex industry problems. The company adheres to its corporate policy of achieving total quality management of services and efficient practical application of those services.

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Buyer(S) 1

Buyer

Intertek

London, United Kingdom

website

Category Company
Founded 1885
Sector Business Services
Employees43,597
Revenue 3.2B GBP (2022)
DESCRIPTION

Intertek provides global testing, inspection and certification services. Intertek was founded in 1885 and is based in London, the United Kingdom.

DEAL STATS #
Overall 71 of 91
Sector (Test/Measurement Equipment) 24 of 28
Type (Divestiture) 14 of 17
Country (United Arab Emirates) 1 of 1
Year (2014) 1 of 2
Size (of disclosed) 6 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-26 Architectural Testing

Pittsburgh, Pennsylvania, United States

Architectural Testing, Inc. is a provider of performance testing, certification services and related professional services to the building products industry in the United States.

Buy £59M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-19 ScanBi Diagnostics AB

Alnarp, Sweden

ScanBi Diagnostics provides high-technology DNA and protein based accredited analyses and quality services for the breeding, agricultural, agro-biotech, food and feed industries.

Buy -

Seller(S) 1

SELLER

Lamprell

Dubai, United Arab Emirates

website

Category Company
Founded 1976
Sector Construction
Employees5,668
Revenue 389M USD (2021)
DESCRIPTION

Lamprell is an entity which together with its subsidiaries, provides fabrication, engineering, and contracting services to the offshore and onshore oil and gas and renewable energy industries in the United Arab Emirates and Saudi Arabia. It operates through Oil and Gas, Renewables, and Digital segments. Lamprell was founded in 1976 and is based in Dubai, the United Arab Emirates.

DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (United Arab Emirates) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Maritime Industrial Services

Dubai, United Arab Emirates

Maritime Industrial Services Co. Ltd. MIS Arabia set up in 2001, reopening the fabrication facilities of Austrian Energy Arabia (AEA) in Jubail Industrial City in the Kingdom of Saudi Arabia. In a short span of time growing at an exponential rate we have today established ourselves as a higher end and one of the most competitive and preferred fabricators of pressure vessels in terms of quality, delivery and cost in the entire KSA.

Buy -
Mergr

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