Intertek Group PLC Acquisition (4495L)
October 03 2016 - 1:00AM
UK Regulatory
TIDMITRK
RNS Number : 4495L
Intertek Group PLC
03 October 2016
Stock Exchange Release
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF
SUCH JURISDICTION
03 October 2016, 7.00 am London, UK
Acquisition of EWA-Canada
Intertek acquires a leading cyber security assurance
business
Intertek Group plc (Intertek), a leading Total Quality Assurance
provider to industries worldwide, is pleased to announce that it
has acquired EWA-Canada from Electronic Warfare Associates Inc.
EWA-Canada is a highly respected expert in cyber security and
provides industry leading solutions to a broad range of industries.
Its service portfolio includes IT network security solutions for
network carriers, product security evaluations according to the
Common Criteria standard, network security evaluations as well as
other IT assurance services.
It is estimated that there will be more than 20 billion
connected devices by 2020 and as the Internet of Things (IoT) grows
and more products and devices are connected wirelessly, secure
connections, together with reliable connectivity and dependable
power, are becoming increasingly important. Intertek already has
multiple testing capabilities for reliable power and connectivity
and EWA-Canada will enable Intertek to also perform security
evaluations on both products and networks. Intertek will provide
customised security assurance solutions to its existing customers
as well as expand EWA-Canada's current customer base to new
geographies and industries.
Commenting on the acquisition, André Lacroix, Chief Executive
Officer of Intertek, said: "The acquisition of EWA-Canada with its
leading cyber security assurance solutions will broaden our Total
Quality customer offering to seize the attractive growth
opportunities in the fast growing IoT market. The expansion of our
Assurance, Testing, Inspection, and Certification differentiated
value proposition in cyber security is in line with our portfolio
strategy of investing in fast growing businesses with good margin
prospects. We are delighted to welcome EWA-Canada and its team to
Intertek."
EWA-Canada is headquartered in Ottawa, Canada and employs 54
people. The business generated revenues of c. C$15 million in
2015.
A video describing the transaction in more detail can be viewed
at www.intertek.com/investors/
- ENDS -
Contacts
For further information please contact
Investor Relations
Telephone: +44 (0) 20 7396 3400 investor@intertek.com
Jonathon Brill, FTI Consulting
Telephone: +44 (0) 20 3727 1000 intertek@fticonsulting.com
About Intertek
Intertek is a leading Total Quality Assurance provider to
industries worldwide. Our network of more than 1,000 laboratories
and offices and over 40,000 people in more than 100 countries,
delivers innovative and bespoke Assurance, Testing, Inspection and
Certification solutions for our customers' operations and supply
chains.
www.intertek.com
Bringing quality and safety to life
This information is provided by RNS
The company news service from the London Stock Exchange
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