Intertek buys Colombia's Proasem for undisclosed sum

Intertek Group on Thursday said it has agreed to buy Proasem, a provider of laboratory testing, inspection, metrology and training services, based in Colombia, for an undisclosed sum.

Proasem employs 190 people and in 2017 generated revenues of £4.5m, Intertek said. The deal is expected to complete in the next four weeks.

“In light of the continued structural growth of regional and global trade flows, companies are seeking a partner to assist them to mitigate risk at every stage of their supply chain,” Intertek said.

“The acquisition of Proasem, which is enjoying strong organic revenue growth, will strengthen Intertek Caleb Brett as a leader in providing total quality assurance solutions to its oil & gas and cargo customers in the attractive Colombia and wider Latin America region.”