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QNTQY Qinetiq Group PLC (PK)

21.75
0.2838 (1.32%)
Last Updated: 16:29:58
Delayed by 15 minutes
Name Symbol Market Type
Qinetiq Group PLC (PK) USOTC:QNTQY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.2838 1.32% 21.75 21.19 22.01 21.75 21.75 21.75 101 16:29:58

Intertek Group Acquires 3 Businesses For GBP11.5 Million

01/08/2011 7:55am

Dow Jones News


Qinetiq (PK) (USOTC:QNTQY)
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Intertek Group PLC (ITRK.LN), a firm engaged in testing, inspection and certification of products, commodities and services, Monday said it acquired three businesses for a total consideration of GBP11.5 million.

MAIN FACTS:

-Acquired food testing laboratory Food Analytical Laboratory Limited from its management shareholders for a total consideration of GBP6 million.

-Food Analytical will form part of Intertek's Industry & Assurance division.

-Acquired Recherche Developpement & Consulting - Bruxelles SA, a firm specializing in environmental impact consulting for consumer products industries, for a total consideration of GBP5 million.

-Brussels, Belgium based Recherche Developpement will form part of the company's Consumer Goods division.

-Acquired fuel and lubricant analysis and consulting business, QinetiQ U.K. Fuel and Lubricants Testing, from QinetiQ Group PLC (QQ.LN) for GBP0.5 million in an asset purchase agreement; Will form part of Intertek's Chemicals & Pharmaceuticals division.

-Shares on Friday closed at GBP19.15.

-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com

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