Intertek to expand its global Assurance business with the acquisition of SAI Global Assurance, a leading provider of assurance services
May 13, 2021
London, UK - Intertek Group plc ("Intertek" and the "Group"), a Total Quality Assurance provider to a range of industries worldwide, is pleased to announce that it has entered into an agreement to acquire SAI Global Assurance, a leading provider of assurance services.
Intertek is a global market leader in Assurance solutions, enabling clients to identify and mitigate the intrinsic risk in their operations, supply and distribution chains and quality management systems. The acquisition of SAI Global Assurance will further strengthen Intertek’s Assurance offering by providing enhanced scale, geographic coverage and expanded service capabilities across a range of markets.
Founded in 2003 and headquartered in Australia, SAI Global Assurance has employees across 16 locations globally. SAI Global Assurance utilises its globally recognised brand to mitigate risks across organisations’ processes, operations and supply chains. It provides Assurance services, including management systems certification and second party audits across a wide variety of end markets and geographies. SAI Global Assurance is the market leader in Assurance in Australia and has scale positions in the US, Canada and the UK and a fast-growing business in China. In addition to management systems certification, SAI Global Assurance has a particularly strong position in the Food, Agriculture and Quick Service Restaurant (“QSR”) end-markets, as well as an established presence in environmental & sustainability audits.
Alongside its principal Assurance activities, SAI Global Assurance is one of the largest aggregators and distributors of standards, providing end-to-end solutions for both standards publishers and customers. SAI Global Assurance has longstanding relationships with over 350 standards publishers, distributing over 1.5m standards through its online platform.
Andre Lacroix, Chief Executive Officer of Intertek, said: “As we emerge from the global COVID-19 pandemic, we expect our customers to increase their focus on Risk-Based Quality Assurance to provide the highest quality safety and sustainability products and services to their customers. The growth of the Assurance, Testing, Inspection & Certification (ATIC) industry is expected to accelerate and Assurance, a capital light and high margin service will be critical to addressing the increased corporate focus on Total Quality Assurance.
Intertek Total Quality Assurance (TQA) provides a superior service to our clients through our end-to-end systemic ATIC solutions. With the acquisition of SAI Global Assurance, we continue to strengthen our TQA value proposition by scaling up our Assurance business in complementary geographies such as Australia and the UK.
SAI Global Assurance is a highly regarded business and brings a large, diverse, high quality customer base and strong positions in management systems certification, as well as food/agriculture and QSR audits. We believe the combined organisation will have an improved ability to deliver a superior service to customers across industries and geographies, while benefitting from operational and cost efficiencies.
We are delighted to welcome SAI Global Assurance and its management team to Intertek.”
Calin Moldovean, President of Intertek’s Business Assurance & Food Services business lines, said: "Today's announcement marks an important milestone in the ongoing development of Intertek. The combination of SAI Global Assurance and Intertek provides an even more robust platform for delivering innovative solutions to our customers across the globe, through an enhanced Assurance service offering and an expanded network of subject matter experts. Joining together will further enhance Intertek’s industry-leading position in providing Assurance, Quality and Safety solutions to the processes, assets, and products of our customers across all industries.”
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For further information please contact:
Lauren Whittemore, Director Group Brand & Marketing
Telephone: +1 978 318 8904
Denis Moreau, Investor Relations
Telephone: +44 (0) 20 7396 3400
Jonathon Brill, FTI Consulting
Telephone: +44 (0) 20 3727 1000
Intertek is a leading Total Quality Assurance provider to industries worldwide. Our network of more than 1,000 laboratories and offices in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers’ operations and supply chains. Intertek Total Quality Assurance expertise, delivered consistently, with precision, pace and passion, enabling our customers to power ahead safely.