British testing and certification group Intertek has announced in a press release that EQT has requested additional time to complete its confirmatory due diligence and internal approval processes regarding a potential acquisition of the company.
At the same time, EQT confirmed that the terms of its previously submitted indicative proposal remain unchanged, featuring a cash offer of 60 pounds per share. Furthermore, Intertek is permitted to pay its declared final dividend for the 2025 financial year of 107.7 pence per share without any adjustment to the offer price.
The UK Takeover Panel has granted an extension to the deadline by which EQT must either announce a firm intention to make an offer or walk away. The new deadline has been set for 5:00 p.m. on June 18.
Intertek Group plc is one of the world's leading groups specializing in analysis, control and certification of products and systems. Net sales break down by activity as follows:
- control and certification services for consumer goods (28,7%): textiles, footwear, toys, stationery, household appliances, consumer electronics, information and communication technology products, and products from the automotive, aerospace, lighting, construction, renewable energy and healthcare industries. Also, the group is developing an activity to monitor the certification of international standards;
- development of quality assurance solutions for the industry and infrastructures (25%): for the supply chain in the building and construction, renewable energies, oil and gas, petrochemicals, minerals and other industries;
- cargo inspection, analytical evaluation, calibration and technical services to the oil and biofuels industries (21.2%);
- auditing and business process support services (15%): in the areas of science, regulation, environment, health, safety, and quality;
- monitoring and assessment of petroleum and agricultural products (10.1%). Besides, Intertek Group plc offers inspection services to government system and regulators to support commercial activities, contributing to the movement of goods across borders.
At the end of 2025, the group has a network of more than 1,000 inspection offices and laboratories in the world.
Net sales are distributed geographically as follows: the United Kingdom (6.9%), the United States (29%), China and Hong Kong (18%), Australia (5.2%) and other (40.9%).
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