Intertek

Intertek has agreed to be acquired by EQT through Isotope Bidco in a take-private transaction that will see the testing and assurance company exit the London Stock Exchange.

Summary of transaction details:

• Value: Approximately £11bn including debt, based on a £60 per share cash offer plus a final dividend of 107p per share.
• Sector: Business Services, focused on testing, inspection, certification and assurance.
• Advisor: Not disclosed in the article.
• Key Entities: Intertek, EQT and Isotope Bidco.
• Location: London-listed company with international operations.

Note: The transaction follows multiple rejected bids and shareholder pressure, with EQT positioning Intertek as a long-term growth platform with opportunities for innovation and targeted M&A.