REG - Intertek Group Plc - Acquisition

IntertekAnnouncement

Today 07:02

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251126:nRSZ9923Ia&default-theme=true

RNS Number : 9923I  Intertek Group PLC  26 November 2025

INTERTEK STRENGTHENS ITS PRODUCTS TESTING BUSINESS WITH ACQUISITION OF LEADING
FLOORING PRODUCTS TESTING COMPANY

 

•      Rapidly evolving consumer trends and regulatory demands are
accelerating the need for industry-leading ATIC solutions that ensure quality,
safety and sustainability standards across all flooring materials

 

•      PTL is a market-leading provider of testing services to the
USA's flooring industry and expands Intertek's leading Total Quality Assurance
(TQA) business in North America in a high-growth, high-margin sector

 

•      PTL's leading flooring products testing business is highly
complementary to Intertek's existing strengths in products testing ATIC
solutions globally, unlocking attractive synergies across Intertek's ATIC
portfolio

 

Watch the video here: www.intertek.com/investors/PTL-video/
(http://www.intertek.com/investors/PTL-video/)

 

Intertek Group plc ("Intertek" and "Group"), a Total Quality Assurance
provider to a range of industries worldwide, is pleased to announce that it
has acquired Professional Testing Laboratory, LLC ("PTL"), a leading provider
of high-quality testing services for the flooring industry, based in the USA.

 

Rapidly evolving consumer trends and increasingly rigorous regulatory demands
are accelerating the need for industry-leading Quality Assurance solutions in
the global flooring industry. As the market leader in high-quality testing
services for the USA flooring market, PTL is well positioned to capitalise on
these structural growth drivers.

 

The acquisition is highly complementary to Intertek's leading TQA business in
North America and will unlock strong commercial synergy opportunities, such as
expanding PTL's services to Intertek's existing clients, including major
retailers, while also capitalising on the Group's existing capabilities in the
USA to provide new services to PTL's customer base.

( )

In a global flooring market valued at $376bn and forecast to grow at 6.8% per
annum to 2030(1), the acquisition also provides an opportunity to expand PTL's
testing services internationally, broadening beyond the USA by leveraging
Intertek's scale and global footprint in other key flooring markets around the
world.

 

Founded in 1988, PTL operates from its 30,000 square foot laboratory in
Dalton, Georgia, one of the largest flooring manufacturing hubs in the world.
PTL today has 26 employees and generated revenues of £4.3m in 2024, making it
a strategic acquisition in an attractive growth segment with a high-quality
earnings model.

 

André Lacroix, Chief Executive Officer of Intertek, said: "The acquisition of
PTL is highly complementary to Intertek's comprehensive range of
product-related testing and certification capabilities in North America and
across the globe, strengthening our presence in an attractive, high-growth,
high-margin flooring materials market with compelling growth drivers. We
welcome the PTL team to Intertek and look forward to the growth opportunities
ahead."

 

 1  Grand View Research's Latest Market Research Findings Predict Major Shifts
in Flooring Market by 2030
(https://www.prnewswire.com/news-releases/grand-view-researchs-latest-market-research-findings-predict-major-shifts-in-flooring-market-by-2030-302456526.html)

 

-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

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

 

About Intertek

 

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 that brings Quality, Safety and
Sustainability to Life.

 

Our Science-based Customer Excellence USP and the 24/7 mission critical
Quality Assurance solutions we provide, ensure that our clients 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 (http://www.intertek.com)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACQEAEFSAAPSFAA



            Copyright 2019 Regulatory News Service, all rights reserved