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ITRK Intertek Group Plc

4,956.00
38.00 (0.77%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intertek Group Plc LSE:ITRK London Ordinary Share GB0031638363 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  38.00 0.77% 4,956.00 4,968.00 4,970.00 5,015.00 4,916.00 4,934.00 251,558 16:35:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Testing Laboratories 3.33B 297.4M 1.8438 26.96 8.02B

Intertek Acquires KJ Tech Services GmbH

07/04/2017 3:15pm

Business Wire


Intertek (LSE:ITRK)
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Total Quality Assurance for the Automotive Industry

Intertek, a leading Total Quality Assurance provider to a range of industries worldwide, has completed the acquisition of KJ Tech Services GmbH (KJ Tech), a leading provider of vehicle, component, lubrication and fuel testing.

KJ Tech, headquartered in Griesheim, Germany with approximately 100 employees, has been providing on-road testing solutions to the automotive industry for more than 27 years. The KJ Tech portfolio includes full vehicle road fleet testing, data accumulation and analytical assessment for components, systems, lubricant and engines, test method development and industry benchmarking.

Intertek provides expertise on performance, quality, and reliability standards for the automotive industries with efficient, cost-effective insights and testing solutions and is accredited to conduct hundreds of electrical, chemical, and mechanical tests for automotive components, products, and systems.

As the complexity of vehicle technology increases, collaboration between OEMs and specialist testing partners is becoming increasingly important. Full vehicle testing is seeing a growing demand for ‘on-road’ solutions, testing vehicles in all types of driving and road conditions.

KJ Tech’s vehicle, component and lubricant testing services fully complement Intertek’s experience and expertise in providing Assurance, Testing, Inspection and Certification services and provides Intertek the opportunity to expand its global profile in Transportation Technologies by offering a more diverse service offering to customers across multiple geographies.

“With growing consumer demand for vehicles with higher performance and lower fuel consumption, the automotive industry is developing increasingly more complex technologies, while environmental regulations are become more stringent. It is more important than ever to provide designers, developers and manufacturers total quality assurance that their vehicles, systems and components meet performance and regulatory standards, as well as consumer expectations,” said Tim Hubbard, Senior Vice President of Transportation Technologies at Intertek. “The collective experience of Intertek and KJ Tech will provide clients with comprehensive on-road evaluation solutions and performance data combined with the long history of our simulated, in-lab validation service offerings.”

“Joining Intertek represents a tremendous opportunity for KJ Tech Services to expand our global footprint to better meet the demands of our customers,” adds Dr. Christian Schoedel, General Manager at KJ Tech. “We greatly look forward to partnering with Intertek to bring the most comprehensive suite of quality assurance, testing and certification services to the automotive industry.”

For more information, visit www.intertek.com/automotive/.

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.

www.intertek.com

IntertekCheryl PrejsnarPublic Relations Manager+1 (630) 481-3185cheryl.prejsnar@intertek.com

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