Quality and safety services provider Intertek Group plc (ITRK.L) said it has acquired 75% of the issued capital of Laboratory Services International B.V or LSI, a global minerals reference testing laboratory, for 5 million euros or 4 million pounds in cash.
LSI, a London Metal Exchange approved facility, supports vendors and buyers of mineral consignments globally with analytical testing of traded minerals as a worldwide reference laboratory. According to Intertek, LSI would enhance Intertek’s existing minerals services by extending trade verification services to all its customers.
LSI is located in Rotterdam, Netherlands with 27 full-time employees. The company would form part of Intertek’s Commodities unit.
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by RTT Staff Writer
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