Intertek Acquires CAPCIS and SREL

Intertek Group plc, an international provider of quality and safety services to a wide range of industries, said that its Oil, Chemical and Agri division (Caleb Brett) has acquired Umitek Ltd, a holding company, and its wholly owned operating subsidiaries CAPCIS Ltd and Smith Rea Energy Limited (SREL).

CAPCIS is Europe's leading Independent Materials Consultancy and Specialist Testing Group providing a fully integrated range of services across highly regulated and capital intensive industries. CAPCIS has developed an enviable reputation over 30 years for its fundamental understanding, specialist expertise and advanced materials testing capabilities. This includes specialist consultancy for testing, selection and monitoring of advanced materials and components, development and evaluation of chemicals for upstream oil and gas production, infrastructure reliability and asset life protection, expert witness and litigation support.

SREL is the market leading provider of specialist hydrocarbon allocation and production reporting consultancy services to international oil & gas production companies. SREL assists clients to develop unique fiscal accounting models and associated commercial agreements for complex production and allocation systems. Services include the development and auditing of commercial and contractual agreements, the development and implementation of comprehensive allocation computer systems, the provision of specialist allocation and metering consultancy services and a fully outsourced operational management service.

The acquisitions of CAPCIS and SREL strongly enhance the depth and extend the range of specialist support services Intertek offers to its key industries and markets.

Intertek's Executive Vice President and CEO of the Oil, Chemical and Agri division, Mark Loughead, comments: "The expertise and services provided by CAPCIS and SREL further expands our capability in providing high-end R&D, consulting and testing support to major global industries such as Oil & Gas, Construction and Manufacturing, Aerospace and Engineering and others. Both companies provide excellent and complementary services to our existing offerings that will deliver enhanced value to our customers."

UMITEK's Chairman, David Pridden, comments: "We are delighted to have completed the sale of Umitek and its principal operating companies CAPCIS and SREL to the UK based Intertek Group. This acquisition presents an exciting opportunity for the management and employees to further develop the CAPCIS and SREL brands as part of a highly regarded international company."

Intertek Group plc (FTSE:ITRK) is a leading international provider of quality and safety services to a wide range of global and local industries. Partnership with Intertek brings increased value to customers' products and processes, ultimately supporting their success in the global market place. Intertek has the experience, expertise, resources and global reach to support its customers through their network of 910 laboratories and offices, 17,400 people in 110 countries around the world.

Intertek's Oil, Chemical & Agri division (Caleb Brett), provides 24/7/365 services to industry and markets including manufacturing, chemicals, energy, pharmaceutical and food. Intertek offers a wide range of R&D, laboratory testing, inspection, consultancy, outsourcing and related activities to support clients on a global basis.

CAPCIS is a client focused high technology company, having been spun-off from the University of Manchester research center as an independent operation 30 years ago. CAPCIS is a well respected industrial consultancy for materials analyses and specialist testing engaging in client-driven R&D projects and consultancy for material and asset design, monitoring and lifetime determinations. CAPCIS services a wide and diverse range of industries and markets.

Smith Rea Energy Limited (SREL), founded in 1981, is a leading independent provider of hydrocarbon stewardship services, helping clients understand and manage the delivery of hydrocarbon value from production to market. Key business areas include hydrocarbon accounting, specialist simulation and modeling and supporting software development.

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