REG - Intertek Group Plc - Acquisition

IntertekAnnouncement

01/09/2025 07:00

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RNS Number : 3432X  Intertek Group PLC  01 September 2025

INTERTEK STRENGTHENS ITS ENVIRONMENTAL TESTING FOOTPRINT THROUGH ACQUISITION
OF ENVIROLAB IN AUSTRALIA

 

1 September 2025

 

·    Increased regulatory requirements, corporate sustainability
commitments and heightened public awareness are driving rapid growth in the
global environmental testing market

 

·    The acquisition of Envirolab establishes Intertek as one of the
market leaders in Australia's attractive environmental testing sector

 

·    Unlocks compelling commercial synergies through Intertek's broad
client base in Australia and complementary industry leading sustainability
solutions

 

Watch the video: https://www.intertek.com/investors/envirolab-video/
(https://www.intertek.com/investors/envirolab-video/)

 

Intertek Group plc ("Intertek" and "Group"), a leading Total Quality Assurance
provider to industries worldwide, is pleased to announce the acquisition of
Envirolab, an industry-leading provider of environmental testing and analysis
in Australia.

 

Envirolab's test offering includes soil, water, air, materials, biological and
chemical substances, PFAS and other emerging contaminants, supporting clients
across critical end-markets including government, industrials, infrastructure,
natural resources, energy and construction. The business employs more than 200
highly skilled professionals across five laboratories in Australia and New
Zealand and generated revenues of £28m in the financial year ended June 2025.

 

As the leading independent environmental testing laboratory in Australia,
Envirolab has built a reputation as the quality leader, driven by its strong
customer-centric culture. Over the past three years, the business has
delivered consistent double-digit revenue growth, strong margins and robust
cash generation with strong returns on invested capital. Recent investments in
state-of-the-art laboratories, advanced testing technologies, and expanded
capacity - most notably its brand new 46,000+ square foot laboratory in Perth,
Western Australia - demonstrate its commitment to innovation and service
excellence.

 

Sustainability is the movement of our time, with environmental testing a
critical tool in enabling governments, businesses, and communities to make
informed science-based decisions that preserve the environment and safeguard
human health. The global environmental testing market is currently valued at
approximately US$20bn and is expected to grow at a 6.6% CAGR between 2025 and
2033, with Asia Pacific - representing around 15% of this market - forecast to
be the fastest-growing region at 7.4%. As the demand for environmental testing
expands, Envirolab is ideally positioned to benefit from increased regulatory
requirements, corporate sustainability commitments, and heightened public
awareness.

 

Envirolab is strongly positioned for continued expansion in high-growth,
high-margin segments, and its integration with Intertek creates the
opportunity to unlock attractive commercial synergies. Intertek's scale
positions in Assurance, Mining, Energy and Infrastructure in Australia will
provide significant new client win opportunities in environmental testing,
while Intertek's industry-leading ATIC solutions will expand and strengthen
relationships with Envirolab's existing clients.

 

Transaction highlights

 

·    Acquisition of a leading high quality environmental testing business
in Australia with strong growth and margin track record

·    Exposure to the fast growth and attractive APAC environmental testing
market, driven by sustainability, regulation and public awareness

·    Attractive portfolio of advanced environmental solutions across
Australia

·    Strong commercial synergies with Intertek's broad client base in
Australia and industry leading sustainability offering

·    High quality management team and technical expertise joining the
Intertek network

·    Strong value creation opportunity with high revenue growth in the
high margin and capital light environmental testing ATIC space

 

André Lacroix, Intertek's CEO, said: "Envirolab will provide Intertek with a
high-quality environmental laboratory business in Australia, underpinned by
deep technical expertise and a proven track record of growth and
profitability. We look forward to working with the Envirolab team to seize the
truly exciting growth opportunities in the environmental testing industry and
meet the heightened demand for comprehensive Risk-based Quality Assurance
solutions."

 

~ENDS~

 

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, DGA Group

Telephone: +44 (0) 7836 622 683
intertek@dgagroup.com (mailto:intertek@dgagroup.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 is a purpose-led company to Bring Quality, Safety and Sustainability
to Life. We provide 24/7 mission-critical quality assurance solutions to our
clients to ensure that they can operate with well-functioning supply chains in
each of their operations.

Our Customer Promise is: Intertek Total Quality Assurance expertise, delivered
consistently, with precision, pace and passion, enabling our customers to
power ahead safely.

intertek.com (https://www.intertek.com/)

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