Dec. 4, 2013 – Intertek Group plc has
agreed to acquire Architectural Testing, Inc (ATI), one of the largest building products testing
and certification companies in North America.
Intertek will purchase the company from private equity firm Wafra Partners and the management
shareholders for a total cash consideration of US$ 95 million (GBP 59 million). Closing of the
acquisition is expected to occur in the fourth quarter of 2013
Dec. 4, 2013 – Intertek Group plc has
agreed to acquire Architectural Testing, Inc (ATI), one of the largest building products testing
and certification companies in North America.
Intertek will purchase the company from private equity firm Wafra Partners and the management
shareholders for a total cash consideration of US$ 95 million (GBP 59 million). Closing of the
acquisition is expected to occur in the fourth quarter of 2013
Head-quartered in York, Pennsylvania (USA), ATI was set up in 1975 to verify the performance of
residential window systems, but has since expanded into related residential and commercial
markets including exterior wall systems and interior finish systems. The company employs 293
highly specialised technicians and engineers across 28 locations in the US.
ATI’s investment in proprietary equipment and testing methodologies, its strong reputation with the
regulatory bodies and manufacturers, combined with the improvement in the construction market in
the US, provides Intertek with a strong platform for continued growth both domestically and
internationally. Where Intertek has already been successful in using its global network to expand
its building products offering to new fast-growth overseas markets, it will now develop ATI’s
specialised offering in the same way to manufacturers internationally. Advances in high
performance materials used for windows and walls particularly in response to reducing energy use
and environmental damage will remain a structural growth driver for this business globally. Intertek
will also be able to provide its wide range of product testing expertise and comprehensive suite of
certification marks to ATI’s established customer base.
Wolfhart Hauser, CEO, Intertek said: “The industry, our customers and our stakeholders will all
benefit from the combination of ATI and Intertek. This is a long term strategic opportunity which
allows us to better serve our customers while enabling us to further expand our building products
locations outside the U.S. and penetrate high growth areas around the globe.”
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