Intertek Group PLC (LON:ITRK) has agreed to buy Proasem, a provider of laboratory testing, inspection, metrology and training services, based in Colombia, for an undisclosed sum.
In a statement, the FTSE 100-listed testing, inspection and certification group noted that Proasem, which generated revenues of £4.5mln in 2017, employs 190 people.
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The group added: "In light of the continued structural growth of regional and global trade flows, companies are seeking a partner to assist them to mitigate risk at every stage of their supply chain.
André Lacroix, Intertek’s chief executive officer commented, said: "The acquisition of Proasem, which is enjoying strong organic revenue growth, will strengthen Intertek Caleb Brett as a leader in providing total quality assurance solutions to its oil & gas and cargo customers in the attractive Colombia and wider Latin America region."
Intertek said the deal is expected to complete in the next four weeks.