Overview
- Intertek has accepted EQT’s firm offer of £61.08 per share, valuing the company’s equity at about £9.5 billion and about £10.9 billion including debt.
- The offer follows several earlier bids from EQT that Intertek rejected before pausing its own strategic review and indicating it was minded to recommend a higher proposal.
- EQT has committed to maintaining Intertek’s London headquarters but will carry out a year‑long post‑deal review that could lead to targeted portfolio changes.
- The buyer warned some workforce reductions are possible after the review but said it does not expect cuts to be material and that it plans longer‑term hiring linked to growth plans.
- The transaction is the latest overseas takeover of a major UK‑listed company and adds to pressure on the London market as buyers have recently acquired other British firms.