Intertek buys Mitsui Chemicals' solar testing laboratory in India
Intertek Group PLC on Thursday said it has bought a solar photovoltaic laboratory in India from a subsidiary of Tokyo-based chemical manufacturer Mitsui Chemicals Inc.
The London-based assurance, inspection, product testing and certification company said its new solar PV lab in Ahmedabad, Gujarat will provide accredited testing services for solar PV installations, materials and components.
Intertek said the services will support Indian solar PV manufacturers and international companies looking to enter the country.
The acquisition of the assets is ‘highly complementary’ to its risk-based quality assurance offering for the solar PV industry, Intertek added.
The financial details of the acquisition were not disclosed.
‘Solar is a major driver of the energy transition and India is one of the world’s leading solar energy producers, making it a highly attractive market for our industry-leading ATIC solutions,’ said Intertek Chief Executive Officer Andre Lacroix.
‘We look forward to seizing the exciting opportunities to accelerate growth and contribute long-term to India’s electrification journey.’
Shares in Intertek were up 0.1% at 4,369.00 pence on Thursday morning in London.
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