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Intertek takes over US ATI
Thursday 05 April 2012

5 April 2012 - British quality and safety services firm Intertek Group plc (LON:ITRK) said on Thursday it had taken over California-based ATI, a company which offers asset integrity management software to the US power market.

The buyer did not disclose the value of the deal in its statement.

The move is part of Intertek's goal to extend its service portfolio to the power generation sector, with the addition of asset integrity management services to cover a variety of customer needs, Stefan Butz, executive vice president of Intertek's Industry & Assurance segment, said in the press release.

ATI's software is used by power generation infrastructure owners and third party services providers to collect and study testing and inspection information with the view of reducing failures and improving maintenance during scheduled outage periods.
Its solutions are a good fit for Intertek's offerings of quality and integrity management services to the power, oil, gas, petrochemical, renewable energy and other infrastructure segments, the buyer underscored.

The addition also brings expertise and engineering support to Intertek in areas including design, process safety, mechanical integrity, inspection and maintenance, operational and process support, corrosion, metallurgy and risk analysis, the British buyer said. It would integrate ATI into its Industry & Assurance division, Intertek added.

Intertek offers its services through a network of over 30,000 people in more than 1,000 laboratories and offices in some 100 countries globally.
Date Published: 05/04/2012
Target: ATI
Country: USA
Sector: Computer software
Buyer: Intertek Group plc