Intertek

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Intertek Group plc
TypePublic limited company
Traded asLSEITRK
IndustryTesting
Founded1888
HeadquartersLondon, United Kingdom
Key peopleDavid Reid (Chairman)
Wolfhart Hauser (CEO)
Revenue£2,184.4 million (2013)[1]
Operating income£342.6 million (2013)[1]
Net income£217.0 million (2013)[1]
Employees35,000 (2013)[2]
Websitewww.intertek.com
 
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Intertek Group plc
TypePublic limited company
Traded asLSEITRK
IndustryTesting
Founded1888
HeadquartersLondon, United Kingdom
Key peopleDavid Reid (Chairman)
Wolfhart Hauser (CEO)
Revenue£2,184.4 million (2013)[1]
Operating income£342.6 million (2013)[1]
Net income£217.0 million (2013)[1]
Employees35,000 (2013)[2]
Websitewww.intertek.com

Intertek Group plc is a multinational inspection, product testing and certification company headquartered in London, United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

History[edit]

Intertek can trace its origins from a marine surveying business formed by Caleb Brett in the 1890s, a testing laboratory formed by Milton Hersey in Montreal in 1888 and a lamp testing centre established by Thomas Edison in 1896.[3] These businesses were all acquired by Inchcape during the 1980s and early 1990s.[3] In 1996 Inchcape Testing Services was acquired by Charterhouse Development Capital and was renamed Intertek.[3] The Company was divested by Charterhouse in 2002 when the business was first listed on the London Stock Exchange.[4] In April 2010, Intertek acquired Ciba Expert Services’ Environmental, Safety, & Testing and Regulatory businesses, including Cantox Health Sciences (Cantox) and Ashuren Health Sciences (Ashuren).[5] Intertek acquired Moody International in March 2011[6]

Operations[edit]

The company is the largest tester of consumer goods in the world and has a network of more than 1,000 laboratories across around 100 countries.[7]

In 2011 Intertek launched a new initiative called iSupplier Intelligence (ISI), which in 2012 was changed to Tradegood.

Senior management[edit]

RoleSalaryBonusTotal
Wolfhart Hauser[8]Chief executive officer£534,000£872,000£1,406,000
Lloyd Pitchford[9]Chief Financial Officer£388,000£331,000£719,000

References[edit]

  1. ^ a b c Preliminary Results 2013
  2. ^ Intertek: About us
  3. ^ a b c Intertek: History
  4. ^ False data charges threaten Intertek flotation The Independent, 22 September 2000, Retrieved 25 March 2012
  5. ^ Intertek Buys Ciba Expert Services Division Presswire, 7 April 2010
  6. ^ Intertek buys Moody International for £450m The Telegraph, 8 March 2011
  7. ^ Armitstead, Louise (23 April 2009). "Intertek shares soar on speculation of bid from Swiss rival SGS". London: The Telegraph. Retrieved 30 August 2010. 
  8. ^ "Wolfhart Hauser: Executive Profile & Biography". BusinessWeek. McGraw-Hill. Retrieved 17 September 2009. 
  9. ^ Intertek group plc Bloomberg

External links[edit]