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Intertek Group PLC on Tuesday said it has agreed to buy Tesis, a Brazilian building products testing and assurance services firm. The London-based assurance, inspection, product testing and certification company said the deal to buy the Sao Paulo-based firm, Tecnologia e Qualidade de Sistemas em Engenharia Ltda, expands its Assurance, Testing, Inspection and Certification offering in Brazil. Financial details of the transaction were not disclosed. Intertek said Tesis has over 80 employees and generated revenue of £3.7 million in 2024. It expects the company to be a ‘compelling margin-accretive addition’ to its portfolio. The company said it has an ‘attractive opportunity’ to expand its Building & Construction Total Quality Assurance business into Brazil’s construction industry, which is valued at $120 billion. Intertek Chief Executive Officer Andre Lacroix said: ‘Brazil’s construction industry is the largest in South America and as the twin drivers of population growth and urbanisation drive greater demand for housing projects, the need for our industry-leading Building & Construction ATIC solutions will only increase. ‘This acquisition expands our ATIC offering in Brazil, is highly complementary to our building products testing and assurance business in North America and opens up an attractive high-margin sector that is benefiting from powerful structural growth drivers.’ Shares in Intertek were flat at 4,640.00 pence in London on Tuesday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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