Intertek acquires VIGALAB (Vigalab) Mineral Laboratory
May 15, 2012
Intertek Group plc (Intertek), the leading international provider of quality services to a wide range of industries, announces that it has acquired Vigalab, a minerals testing laboratory in Chile.
The company was purchased from its shareholders for a cash consideration of CLP 2,600 million (GBP 3.4 million).
Vigalab supports local and international companies exploring minerals in the Copiapo and Antofagasta regions of Chile, which includes mining for copper as well as gold, silver, iron, zinc and lead. Vigalab helps companies to analyse and assess the value of mineral deposits being explored through services such as sample preparation and trace metal analysis.
Demand for minerals testing in Chile and Latin America is being driven by increased mining investment and development in the region by local and international companies over recent years. Vigalab complements Intertek's existing minerals capabilities in Brazil.
Vigalab is located in Copiapo, Northern Chile with 58 full-time employees. The company will form part of Intertek's Commodities division.
Wolfhart Hauser, Chief Executive Officer of Intertek, commented:
"Vigalab is an excellent new addition to our international minerals capabilities. It also extends Intertek's delivery of quality solutions in support of Latin America's increasing global trade - in particular in the commodities, energy infrastructure, consumer product, food and agriculture industries".
Richard Mountain, FTI
Telephone: +44 (0) 20 7269 7121
Corporate website: www.intertek.com
Intertek is a leading provider of quality and safety solutions serving a wide range of industries around the world.
From auditing to inspection, to testing, quality assurance and certification, Intertek people are dedicated to adding value to customers' products and processes, supporting their success in the global marketplace.
Intertek has the expertise, resources and global reach to support its customers through its network of more than 30,000 people in over 1,000 laboratories and offices in more than 100 countries.
Intertek Group plc (LSE: ITRK) is listed on the London Stock Exchange and is a constituent of the FTSE 100 index