Advertisement
UK markets closed

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     

  • AIM

    789.87
    +6.17 (+0.79%)
     

  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     

  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    48,672.40
    -1,551.02 (-3.09%)
     

  • CMC Crypto 200

    1,260.80
    -97.21 (-7.16%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     
MONEY:

Best savings accounts that offer above inflation rates

How to earn the most interest on your savings

Intertek buys U.S. testing firm PSI for $330 mln

Reuters - UK Focus

LONDON, Oct (HKSE: 3366-OL.HK - news) 14 (Reuters) - Britain's Intertek Group (Other OTC: IKTSF - news) said on Wednesday it had agreed to buy U.S (Other OTC: UBGXF - news) . testing company Professional Service Industries (PSI (Taiwan OTC: 8028.TWO - news) ) for $330 million to build scale in the construction sector.

Illinois-based PSI, which is majority owned by the private equity firm Olympus Partners, provides testing and assurance services to commercial and civil construction markets, Intertek said.

Intertek, which is funding the deal using existing debt facilities, said buying PSI was expected to boost its earnings per share in the first full year after acquisition. (Reporting by Paul Sandle; editing by James Davey)