REG - Intertek Group Plc - Acquisition

IntertekAnnouncement

24/08/2023 07:00

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RNS Number : 2684K  Intertek Group PLC  24 August 2023

INTERTEK STRENGTHENS PEOPLE ASSURANCE OFFERING WITH ACQUISITION OF LEADING
MOBILE WORKFORCE ENABLEMENT PLATFORM

24 August 2023

 

·    Post-Covid, corporations around the world have intensified their
focus on quality, health, safety and wellbeing, resulting in growing demand
for bespoke People Assurance solutions and mobile-based learning

 

·    With approximately 2.7 billion people, or 80% of the global workforce
in deskless roles, the demand for comprehensive mobile-based learning
delivered at the point of need is growing

·    Acquisition of PlayerLync is a compelling strategic fit that
strengthens Intertek's position as a leader in SaaS-based, technology-enabled
People Assurance services as it meets the demands of a fast-evolving
workforce, connecting deskless and mobile workers to high-quality, engaging
content

 

More information is available here:
https://www.intertek.com/investors/playerlync-video/
(https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.intertek.com%2Finvestors%2Fplayerlync-video%2F&data=05%7C01%7Cmarie.giannini%40intertek.com%7C2c2e4033ad57416d54ed08dba00c48ac%7Ccec3b02aea8c40eda66fa89023ac3286%7C0%7C0%7C638279746841351404%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=vS%2F%2FH0KRi6IRbeBE3%2FmsHCC88OddQQUKGD%2BotHgZ%2FYA%3D&reserved=0)

 

Intertek Group plc ("Intertek" and "Group"), a Total Quality Assurance
provider to a range of industries worldwide, announces that it has acquired
PlayerLync Holdings, Inc. ("PlayerLync") a leading SaaS-based platform which
combines mobile learning, operational support and compliance, content
management and people engagement in a single application.

 

Post-Covid, corporations around the world have intensified their focus on
quality, health, safety and wellbeing, resulting in growing demand for bespoke
People Assurance solutions and mobile-based learning, driven by increasing
regulation and heightened end-customer expectations.

 

With approximately 2.7 billion people, or 80% of the global workforce
operating in deskless roles today(1), the demand for bespoke People Assurance
solutions and mobile-based learning delivered at the point of need continues
to grow, driven by increasing regulation and heightened end-customer
expectations.

 

For businesses with large frontline workforces, including within the
restaurant, hospitality and retail industries, delivering intuitive
technology-enabled training, learning and development content to employees via
mobile devices has therefore become mission critical.

 

PlayerLync's unique value proposition addresses the critical gaps that
currently exist for corporates in meeting the demands of a fast-evolving
workforce, harnessing its innovative, tech-enabled mobile management platform
to connect deskless and mobile workers to high-quality, engaging content. Its
mobile workforce enablement platform combines mobile learning, operational
support and compliance, content management, and communications in a single
native app which is used predominantly by customers in the food retail,
restaurant and hospitality sectors in North America.

 

PlayerLync will become part of Intertek's People Assurance business, building
on the Group's earlier pioneering acquisition of Alchemy/Wisetail by adding
robust mobile content management, communication, and offline synchronization
capabilities.

 

The acquisition creates compelling additional growth opportunities for
Intertek to strengthen its existing People Assurance service offering, further
enhancing the Group's differentiated Total Quality Assurance proposition and
Science-based Customer Excellence advantage.

 

Founded in 2012 and based in Denver, Colorado, PlayerLync employs 35 people
and generated revenues of £6.1m in 2022.

 

1. The Human CapitalHub, Skedulo, McKinsey, Harvard Business Review

 

André Lacroix, Chief Executive Officer of Intertek, said: "The acquisition of
PlayerLync, a leading provider of high-quality mobile-first training and
learning content to frontline workforces at some of the world's leading
consumer brands, strengthens our position as a leader in SaaS-based,
technology-enabled People Assurance services. Post-Covid, companies realise
that as customer and stakeholder expectations surrounding health, safety and
the environment reach new heights, delivering meaningful engagement with their
frontline employees is mission critical for business success.

 

We step-changed our People Assurance with the acquisition of Alchemy/Wisetail
in 2018 and PlayerLync provides a compelling opportunity to further enhance
our differentiated TQA proposition and customer excellence advantage in what
is a fast-evolving landscape. As the deskless frontline workforce continues to
grow, software-based technology solutions that deliver learning,
communications and engagement are ever more important and the combination of
Wisetail and PlayerLync will be exceptionally well-placed to address those
needs.

 

We welcome the PlayerLync team to Intertek and look forward to working
together to seize the truly exciting opportunities ahead."

 

For further information please contact:

 

Denis Moreau, Investor Relations

Telephone: +44 (0) 20 7396 3415
investor@intertek.com (mailto:investor@intertek.com)

 

Jonathon Brill/James Styles, Dentons Global Advisors

Telephone: +44 (0)7836 622 683 intertek@dentonsglobaladvisors.com
(mailto:intertek@dentonsglobaladvisors.com)

 

 

 Intertek is a leading Total Quality Assurance provider to industries
 worldwide.

 Our network of more than 1,000 laboratories and offices 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

 

 

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