EQT Agrees to Acquire Intertek for £10.6 Billion

Key facts

• Intertek has agreed to a £10.6 billion takeover by EQT.
• The offer values Intertek at £60 per share.
• EQT is a Swedish private equity firm.
• Intertek is a testing and assurance company.
• The deal will result in Intertek leaving the FTSE 100.

Intertek has agreed to a £10.6 billion takeover by Swedish private equity firm EQT, following a series of previous offers. The deal, which values the testing and assurance company at £60 per share, represents a significant acquisition for EQT and will lead to Intertek's departure from the FTSE 100.

EQT had previously submitted three rejected offers before reaching an agreement. Intertek chief executive André Lacroix commented that the offer provides attractive cash certainty for shareholders and expressed confidence in Intertek's future success within the industry.