Intertek makes technical inspection acquisition

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Industrial safety solutions provider Intertek has completed the acquisition of the technical inspection group WISco.

Through the takeover of the US-based firm, Intertek intends to expand its portfolio into services such as procurement, engineering, maintenance and construction.

When completing the purchase of assets, Intertek's financial and legal advisors could have conducted due diligence swiftly and securely through one of Ansarada's online virtual data rooms.

Executive vice-president of the company's industrial services unit, Stefan Butz, said: "The acquisition of WISco comes at a strategic time for Intertek and our customers worldwide needing global technical inspection and expediting support to bring them new expertise, project efficiencies and cost-saving."

He added that WISco's "excellent team, global reach [and] reputation" would significantly boost the profile of Intertek in new markets - specifically, oil and gas.

Based in London, Intertek provides quality and safety solutions such as auditing, inspection, testing, certification and quality assurance.