Intertek Group PLC Acquisition (1553Z)

TIDMITRK

RNS Number : 1553Z

Intertek Group PLC

13 December 2017

 
                    INTERTEK ACQUIRES ACUMEN SECURITY 
 
   Intertek acquires Acumen to strengthen its global footprint in Cyber 
                   Security Certification and Assurance 
======================================================================= 
 

13 December 2017

Intertek Group plc ("Intertek"), a Total Quality Assurance provider to a range of industries worldwide, is pleased to announce that it has acquired Acumen Security, LLC ("Acumen"), a leading Security Certification Solutions provider headquartered in Maryland, USA.

Acumen is a leading provider of product security certification and its service portfolio includes FIPS 140-2 validation, Common Criteria evaluation and related assurance services. Acumen is a trusted partner to many of the world's leading IT solutions providers, who rely on the company's security expertise to validate their existing products.

With increasing demand for security assurance services resulting from the rapid growth in connected devices (IoT), the increase in data security breaches, and an increasingly diverse range of global certification standards and security requirements, companies are seeking a partner to assist them every step of the way from initial assessment to successful security certification. Acumen, with its client-centric approach, provides highly efficient end-to-end delivery of product security certification and assurance services to a global customer base.

Acumen employs 22 people and is expected to generate revenues of c.$6m in 2017.

Commenting on the acquisition, André Lacroix, Chief Executive Officer of Intertek, said: "The acquisition of Acumen, with its end-to-end product security certification and assurance services is in line with our portfolio strategy of investing in fast growing businesses with good margin prospects. We are delighted to welcome Acumen with its highly trained staff and strong customer relationships to Intertek."

A video describing how the acquisition of Acumen 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:        [phone]        [e-mail] 

Jonathon Brill, FTI Consulting

   Telephone:        [phone]        [e-mail] 

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

The company news service from the London Stock Exchange

END

ACQEAEAAFLLXFAF

(END) Dow Jones Newswires

December 13, 2017 02:00 ET (07:00 GMT)