Intertek Group PLC Acquisition (1553Z)
December 13 2017 - 2:00AM
UK Regulatory
TIDMITRK
RNS Number : 1553Z
Intertek Group PLC
13 December 2017
INTERTEK ACQUIRES ACUMEN SECURITY
Intertek acquires Acumen to strengthen its global footprint in Cyber
Security Certification and Assurance
=======================================================================
13 December 2017
Intertek Group plc ("Intertek"), a Total Quality Assurance
provider to a range of industries worldwide, is pleased to announce
that it has acquired Acumen Security, LLC ("Acumen"), a leading
Security Certification Solutions provider headquartered in
Maryland, USA.
Acumen is a leading provider of product security certification
and its service portfolio includes FIPS 140-2 validation, Common
Criteria evaluation and related assurance services. Acumen is a
trusted partner to many of the world's leading IT solutions
providers, who rely on the company's security expertise to validate
their existing products.
With increasing demand for security assurance services resulting
from the rapid growth in connected devices (IoT), the increase in
data security breaches, and an increasingly diverse range of global
certification standards and security requirements, companies are
seeking a partner to assist them every step of the way from initial
assessment to successful security certification. Acumen, with its
client-centric approach, provides highly efficient end-to-end
delivery of product security certification and assurance services
to a global customer base.
Acumen employs 22 people and is expected to generate revenues of
c.$6m in 2017.
Commenting on the acquisition, André Lacroix, Chief Executive
Officer of Intertek, said: "The acquisition of Acumen, with its
end-to-end product security certification and assurance services is
in line with our portfolio strategy of investing in fast growing
businesses with good margin prospects. We are delighted to welcome
Acumen with its highly trained staff and strong customer
relationships to Intertek."
A video describing how the acquisition of Acumen complements
Intertek's Total Quality Assurance services, can be viewed at
www.intertek.com/investors/
-ENDS-
Contacts
For further information, please contact:
Josh Egan, Investor Relations
Telephone: +44 (0) 20 7396 3415 investor@intertek.com
Jonathon Brill, FTI Consulting
Telephone: +44 (0) 20 3727 1000 intertek@fticonsulting.com
About Intertek
Total Quality. Assured.
Intertek is a leading Total Quality Assurance provider to
industries worldwide.
Our network of more than 1,000 laboratories and offices and over
42,000 people 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.
intertek.com
This information is provided by RNS
The company news service from the London Stock Exchange
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