Intertek buys UAE firm for $66m
London, March 3, 2014
Intertek Group, an inspection, product testing and certification company in London, has acquired International Inspection Services (Inspec), a UAE-based provider of inspection services, from Lamprell for $66 million, said a report.
As part of the acquisition, Lamprell will remain a significant customer of Inspec, with Intertek’s multi-year preferred supplier agreement, under which Lamprell will provide non-destructive testing and associated services, said the Dow Jones report.
Inspec operates across the Middle East from the UAE, employing 720 staff, including 610 technical personnel and offering a diverse range of services in the region.