EQT to Acquire Intertek for £9.3 Billion, Taking It Private from London Stock Exchange

Private equity firm EQT AB has agreed to acquire British testing and certification company Intertek Group Plc for £9.3 billion (approximately $12.3 billion). The deal will result in Intertek's delisting from the London Stock Exchange, marking the latest in a series of transactions reducing the number of publicly listed companies in the UK. EQT's offer values Intertek shares at 5,100 pence per share, representing a roughly 32% premium over Intertek's closing price on March 17. The acquisition has unanimous support from Intertek's board and involves a cash payment to shareholders. Intertek is known for providing global testing, inspection, and certification services. EQT's acquisition is part of a strategy aimed at growth, particularly in the energy and infrastructure sectors. The deal is subject to regulatory approvals and a shareholder vote. This transaction is the latest major British company to leave the London Stock Exchange. In recent years, many firms have moved to New York or private ownership in search of higher valuations or lighter regulatory burdens. EQT's purchase of Intertek reinforces this trend. This is not investment advice.