Intertek Group PLC has announced an agreement to acquire SAI Global Assurance, a leading provider of assurance services.
Intertek is a global market leader in assurance solutions, enabling clients to identify and mitigate the intrinsic risk in their operations, supply and distribution chains and quality management systems. Intertek says the acquisition of SAI Global Assurance will further strengthen Intertek’s assurance offering by providing enhanced scale, geographic coverage, and expanded service capabilities across a range of markets.
Founded in 2003 and headquartered in Sydney, Australia, SAI Global Assurance has employees across 16 locations globally. It provides assurance services, including management systems certification and second-party audits across a wide variety of end markets and geographies. SAI Global Assurance is the market leader in assurance in Australia and has scale positions in the United States, Canada, and the United Kingdom, and a fast-growing business in China. In addition to management systems certification, SAI Global Assurance has a particularly strong position in the food, agriculture and quick service restaurant end-markets, as well as an established presence in environmental and sustainability audits.
Alongside its principal assurance activities, SAI Global Assurance is one of the largest aggregators and distributors of standards, providing end-to-end solutions for both standards publishers and customers. SAI Global Assurance has longstanding relationships with over 350 standards publishers, distributing over 1.5 million standards through its online platform.
“As we emerge from the global COVID-19 pandemic, we expect our customers to increase their focus on risk-based quality assurance to provide the highest quality safety and sustainability products and services to their customers,” says Andre Lacroix, chief executive officer of Intertek. “The growth of the assurance, testing, inspection, and certification (ATIC) industry is expected to accelerate and assurance, a capital light and high-margin service, will be critical to addressing the increased corporate focus on total quality assurance.
“Intertek Total Quality Assurance (TQA) provides a superior service to our clients through our end-to-end systemic ATIC solutions. With the acquisition of SAI Global Assurance, we continue to strengthen our TQA value proposition by scaling up our Assurance business in complementary geographies such as Australia and the United Kingdom.
“SAI Global Assurance is a highly regarded business and brings a large, diverse, high-quality customer base and strong positions in management systems certification, as well as food/agriculture and QSR audits. We believe the combined organization will have an improved ability to deliver a superior service to customers across industries and geographies, while benefitting from operational and cost efficiencies.
“We are delighted to welcome SAI Global Assurance and its management team to Intertek.”