Intertek moves closer to major takeover deal with EQT

Yesterday 07:45

Intertek Group is moving closer to accepting a takeover proposal from Swedish private equity firm EQT in a deal valued at approximately 12.7 billion dollars.

The British product testing and certification company announced that it is currently giving EQT access to additional financial and operational information as part of the due diligence process. This development comes after Intertek previously rejected several earlier proposals, arguing that the offers underestimated the company’s market value and long-term potential.

Under the latest proposal, EQT has offered shareholders 60 pounds per share in cash, along with an annual dividend payment. The offer represents a significant premium compared to Intertek’s share price before the takeover discussions became public.

As negotiations continue, Intertek has also decided to pause its strategic review process, which reportedly included plans to separate the company into two independent business divisions. Analysts believe the suspension of that review may indicate growing confidence in the possible acquisition.

Intertek is widely known for providing testing, inspection and certification services across industries such as healthcare, energy, consumer products and manufacturing. The company plays an important role in helping businesses meet international safety and quality standards.

Meanwhile, EQT continues to expand its global investment portfolio through large-scale acquisitions in technology, infrastructure, healthcare and industrial services. Financial experts say the proposed acquisition of Intertek could strengthen EQT’s position in the international services sector.

Despite the progress in discussions, Intertek emphasized that there is still no guarantee a final agreement will be reached. According to current regulations, EQT must formally confirm its intention to proceed with the takeover or withdraw its proposal by mid-June.

The potential deal has attracted strong attention from investors and market observers, as it could become one of the most important European corporate acquisitions of the year.