Intertek Group (LON:ITRK)

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Intertek Acquires Automation Technology Inc (ATI)

Intertek Group plc (Intertek), the leading international provider of quality services to a wide range of industries, announces that it has acquired ATI, a provider of asset integrity management software in the US power sector.

ATI’s asset management software solutions are used by owners and third party service providers of power generation infrastructure to record and analyse testing and inspection data. Its solutions help asset owners track infrastructure integrity and support the development of effective maintenance plans to reduce failures and optimise maintenance work during scheduled outage periods.

As one of the most recognised and widely used open collaborative asset integrity management systems in North America’s power generation industry, ATI’s software solution, AWARE™, gives fossil energy infrastructure operators the ability to plan for future maintenance outages through analysis and documentation of failure and assessment information. AWARE™ helps equipment owners manage asset integrity data throughout the assets life cycle through the utilization of various third party service providers to make decisions about maximizing asset objectives in today’s changing power generation market.

With headquarters in California, USA, ATI complements Intertek’s existing quality and integrity management services for owners and operators of power, oil, gas, petrochemical, renewable energy and other infrastructure and will form part of Intertek’s Industry & Assurance division. AWARE™ will supplement Intertek’s expertise and engineering support in design, process safety, mechanical integrity, inspection and maintenance, operational and process support, corrosion, metallurgy and risk analysis.

Stefan Butz, Executive Vice President of Intertek’s Industry & Assurance division said; “This acquisition is further evidence of our commitment to extend our service offering to customers in the power generation industry. As the leading asset integrity software solution in the US power market, AWARE™ allows us to provide a collaborative solution offering clients a scalable suite of Asset Integrity Management services designed to fulfill and meet different customers’ needs.”

About Intertek

Intertek is a leading provider of quality and safety solutions serving a wide range of industries around the world.

From auditing to inspection, to testing, quality assurance and certification, Intertek people are dedicated to adding value to customers’ products and processes, supporting their success in the global marketplace.

Intertek has the expertise, resources and global reach to support its customers through its network of more than 30,000 people in over 1,000 laboratories and offices in more than 100 countries.

Intertek Group plc (LSE: ITRK) is listed on the London Stock Exchange and is a constituent of the FTSE 100 index.

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