Intertek Group
Encyclopedia
Intertek Group plc is a global inspection
, product testing
and certification
company headquartered in London, United Kingdom. It is the largest tester of consumer goods in the world and has a network of more than 1,000 laboratories in over 100 countries.
It is listed on the London Stock Exchange
and is a constituent of the FTSE 100 Index
.
in 1888 and a lamp testing centre established by Thomas Edison
in 1896. These businesses were all acquired by Inchcape
during the 1980s and early 1990s. In 1996 Inchcape Testing Services was acquired by Charterhouse Development Capital
and was renamed Intertek. The Company was divested by Charterhouse in 2002 when the business was first listed on the London Stock Exchange
. In April 2010, Intertek acquired Ciba Expert Services’ Environmental, Safety, & Testing and Regulatory businesses, including Cantox Health Sciences (Cantox) and Ashuren Health Sciences (Ashuren).
Inspection
An inspection is, most generally, an organized examination or formal evaluation exercise. In engineering activities inspection involves the measurements, tests, and gauges applied to certain characteristics in regard to an object or activity...
, product testing
Physical test
A physical test is a qualitative or quantitative procedure that consists of determination of one or more characteristics of a given product, process or service according to a specified procedure...
and certification
Certification
Certification refers to the confirmation of certain characteristics of an object, person, or organization. This confirmation is often, but not always, provided by some form of external review, education, assessment, or audit...
company headquartered in London, United Kingdom. It is the largest tester of consumer goods in the world and has a network of more than 1,000 laboratories in over 100 countries.
It is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and is a constituent of the FTSE 100 Index
FTSE 100 Index
The FTSE 100 Index, also called FTSE 100, FTSE, or, informally, the footsie , is a share index of the 100 most highly capitalised UK companies listed on the London Stock Exchange....
.
History
The Company can trace its origins from a marine surveying business formed by Caleb Brett in the 1890s, a testing laboratory formed by Milton Hersey in MontrealMontreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...
in 1888 and a lamp testing centre established by Thomas Edison
Thomas Edison
Thomas Alva Edison was an American inventor and businessman. He developed many devices that greatly influenced life around the world, including the phonograph, the motion picture camera, and a long-lasting, practical electric light bulb. In addition, he created the world’s first industrial...
in 1896. These businesses were all acquired by Inchcape
Inchcape plc
Inchcape plc is a multinational automotive retail and services company headquartered in London, United Kingdom. It has operations in 26 countries across Africa, Asia, Australasia, Europe and South America....
during the 1980s and early 1990s. In 1996 Inchcape Testing Services was acquired by Charterhouse Development Capital
Charterhouse Capital Partners
Charterhouse Capital Partners is a private equity investment firm focusing on leveraged buyout of established, substantial businesses, based in Western Europe...
and was renamed Intertek. The Company was divested by Charterhouse in 2002 when the business was first listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
. In April 2010, Intertek acquired Ciba Expert Services’ Environmental, Safety, & Testing and Regulatory businesses, including Cantox Health Sciences (Cantox) and Ashuren Health Sciences (Ashuren).
Senior management
| role | salary | bonus | total | |
|---|---|---|---|---|
| Wolfhart Hauser | Chief executive officer | £534,000 | £872,000 | £1,406,000 |
| William Spencer | Chief financial officer | £270,000 | £326,000 | £596,000 |
| Mark Loughead | Chief operating officer | £310,000 | £340,000 | £650,000 |