Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Intertek to boost Latin American footprint with QTEST acquisition

(Sharecast News) - Quality and safety services provider Intertek has expanded its presence in Colombia after agreeing to acquire QTEST, a local provider of electrical testing and certification services. Intertek said the deal would broaden its technical capabilities and market reach in the South American country, accelerating growth momentum and strengthening its scale across Latin America.

The FTSE 100-listed firm, whcih did not disclose financial terms of the deal, said QTEST's highly specialised offering and local proximity were expected to enhance its ETL's position in the region.

Intertek added that QTEST's clients will gain access to its wider total quality assurance services, including expanded support for medium‑ and high‑voltage products, global market access, electrical system inspections and North American testing capabilities.

Founded in 2006 and based in Medellín, QTEST serves manufacturers, importers and distributors across Colombia and generated £2m of revenue in FY25.

Chief executive André Lacroix said: "The acquisition of this high-quality, market-leading business represents an exciting growth opportunity for Intertek ETL, allowing us to expand into a highly attractive, high-growth economy. We look forward to welcoming the QTEST team to Intertek and providing our customers across Latin America and international markets with a broader suite of industry-leading ATIC solutions."

As of 0835 GMT, Intertek shares were up 0.55% at 4,716p.

Reporting by Iain Gilbert at Sharecast.com

Share this article

Related Sharecast Articles

Air France-KLM submits bid for stake in Portugal's TAP
(Sharecast News) - Air France-KLM said it had submitted a non-binding offer to buy a minority stake in TAP Air Portugal as part of the Portuguese government's plan to privatise its national airline.
Sorted Group proposes to dispose of its main trading subsidiary
(Sharecast News) - Sorted Group announced a proposal to dispose of its main trading subsidiary Sorted Group Limited on Thursday, for a nominal £1, in a move that would see the company become an AIM cash shell and pursue a new acquisition-led strategy.
Speedy Hire warns on worsening market conditions despite strategic progress
(Sharecast News) - Tools and equipment hire company Speedy Hire said on Thursday that it had delivered "significant strategic progress" in FY26, highlighted by its "transformational" partnership with Proservice and continued momentum across its core operations, but also cautioned that trading conditions had deteriorated further in the final quarter amid budget uncertainty, geopolitical tensions and customer‑driven delays.
RBC Capital Markets upgrades Berkeley to 'outperform'
(Sharecast News) - Analysts at RBC Capital Markets upgraded housebuilder Berkeley from 'sector perform' to 'outperform' on Thursday, noting the group had "acted decisively" to the challenges it had faced.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.