Intertek Press Release, November 29, 2005

Intertek Acquires Lloyd's Register LQS Program and Lintec Testing Services

Lubricant Quality Scanning and Lintec Contact for information

 

 

 

LONDON, Nov. 29 /PRNewswire/ -- Intertek Caleb Brett, a division of Intertek Group Plc (FSTE: ITRK) has acquired two complementary businesses, Lloyd's Register Lubricant Quality Scan (LQS) and Lintec Testing Services Ltd. The acquisitions of Lintec and LQS complement existing test services for marine fuels and lubricant services to the global shipping and maritime industries.

Lintec Testing Services Ltd is a major provider of marine fuels analysis testing to ship-owners. This acquisition will strengthen the existing collaboration between Intertek and Lloyd's Register in the field of fuel testing under the banner of the Lloyd's Register FOBAS (Fuel Oil Bunker Analysis and Advisory Service) this acquisition will enable Caleb Brett to further strengthen its position in the marine fuel oil market and offer enhanced service to Lloyd's Register and its other clients. The addition of Lintec's capabilities and expertise combined with Caleb Brett's extensive network of over 215 laboratories around the world will ensure delivery of best-in-class services.

Intertek has also acquired the business known as LQS from Lloyd's Register. LQS is a lubricating oil analysis and reporting service for marine lubricants and greases which is designed to improve information relating to the condition of rotating machinery. The service can predict probable imminent failure of costly equipment, helping determine needed maintenance requirements for ships and avoiding expensive down-time and shipping schedule disruptions.

"We are delighted by the prospect of bringing Lintec's expertise and client network into our organisation," says Mark Loughead, CEO, Intertek Caleb Brett. "This acquisition of Lintec and that of LQS will enable us to help Lloyd's Register to offer both existing and new clients with higher levels of fuel testing and advisory services than ever before. It is our intention to integrate the services offered by Lintec and LQS. Through these acquisitions Intertek will continue to provide a high level of services to Lloyd's Register's clients. This will enable both existing and new clients to benefit from our extensive range of services, laboratory network and expertise."

"Lloyd's Register has already invested a great deal in making FOBAS a more efficient, smoother global service, having recently established a service delivery office in Singapore for the express purpose of attending to the fuel testing advisory requirements of our clients," says Douglas Raitt, Global FOBAS Manager. "This acquisition by Intertek Caleb Brett comes at a perfect time. Not only do we now have our own global network of FOBAS marine fuel consultants in place, we also have the benefit of a strengthened presence on the fuel testing side. Intertek's acquisition is good news for all involved, not least for ship-owners and operators looking for a reliable fuel testing and advisory service."

About Intertek Group Plc:

Intertek is a leading testing, inspection, outsourcing and certification organisation, assessing customers' products and commodities against a wide range of quality, safety, regulatory, and performance standards, and certifies the management systems of customers. Intertek operates 300 laboratories and employs 14,500 people around the world. www.intertek.com

The Intertek Caleb Brett division operates a growing global network of over 215 laboratories serving clients in 118 nations. Services include laboratory testing and field inspection & technical service capabilities, with expertise supporting a wide range of materials, products and applications. Founded in 1885, Intertek Caleb Brett has 5,800 employees worldwide. www.intertek-cb.com .

About Lloyd's Register:

The Lloyd's Register Group is an independent risk management organisation providing risk assessment and risk mitigation solutions and management systems certification around the world. Founded in 1760 to examine merchant ships and 'classify' them according to their condition, Lloyd's Register also provides services covering management systems, land-based industries, rail, and oil and gas. The Lloyd's Register Group has more than 200 offices and over 5,000 employees. www.lr.org

About FOBAS

Fuel Oil Bunker Analysis and Advisory Service (FOBAS) is a recognised leader in the evaluation of all grades of fuel oils used in marine, offshore and land-based industries. Use of the latest analytical techniques, together with a wealth of accumulated experience, ensures that FOBAS provides the independent and authoritative technical information essential to the efficient management of the highly variable quality fuels currently available. The FOBAS range of services covers routine fuel oil evaluation programme, extended fuel oil analysis, on-site technical investigations, fuel oil information and training seminars.

About LQS:

Lubricant Quality Scan (LQS) is a global lubricating oil analysis and reporting service. Suitable for a wide range of industries, regular use of LQS provides the back-up documentation to improve the intervals between periodic inspections. Benefits include machinery failure prediction and expensive repair cost avoidance, and possibly allowing extended time between classification surveys, invaluable for machinery not amenable to normal dismantling and inspection procedures.

Contact:
Erik Holladay
Global Marketing Director
Intertek Caleb Brett Division
Tel: 713.407.3500
Email: erik.holladay@intertek.com
Website: www.intertek-cb.com