Announced
Completed
Financials
Tags
Acquisition
Majority
Single Bidder
Australia
Private
quality assurance
Cross Border
Friendly
testing inspection and certification
Test Inspection and Certification (TIC)
Completed
Private Equity
Synopsis
Intertek, a British multinational assurance, inspection, product testing and certification company, completed the acquisition of SAI Global Assurance, a provider of assurance services, from SAI and Baring Private Equity for $665m. "As we emerge from the global Covid-19 pandemic, we expect our customers to increase their focus on Risk-Based Quality Assurance to provide the highest quality safety and sustainability products and services to their customers. The growth of the Assurance, Testing, Inspection & Certification industry is expected to accelerate and Assurance, a capital light and high margin service will be critical to addressing the increased corporate focus on Total Quality Assurance," Andre Lacroix, Intertek CEO.
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