The Guardian | Lab testing group Intertek to back £10.6bn takeover by Swedish firm EQT by Julia Kollewe

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Intertek, the London‑based laboratory testing group listed on the LSE in 2002 and joining the FTSE 100 in 2009, has announced that its board is “minded to recommend” a £60‑a‑share offer from Swedish private‑equity firm EQT, valued at about £10.6 billion including debt (roughly £9.4 billion net). After rejecting three earlier bids of £58, £54 and £51 per share, the board said the proposal would be put to shareholders, noting that the company remains confident in its standalone strategy but faces investor pressure—particularly from activist fund Lost Coast Collective, owned by Matt Peltz, to accept the deal. EQT, founded in 1994 as a spin‑out of the Wallenberg family’s Investor AB, seeks to acquire Intertek, which has 45,000 employees, more than 1,000 labs worldwide, and revenues of roughly £3.5 billion across its product‑testing and energy‑infrastructure divisions. The offer is subject to due‑diligence and other pre‑conditions, after which a shareholder vote will determine the transaction.

Read more: https://www.theguardian.com/business/2026/may/13/lab-testing-group-intertek-to-back-takeover-by-swedish-firm-eqt

#Intertek #EQT #Wallenbergfamily #mergersandacquisitions #privateequity #MattPeltz

Sweden Herald - Latest Sweden News | EQT one step closer to British giant Intertek deal by Sweden Herald

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EQT’s venture‑capital arm is poised to acquire British testing and certification giant Intertek in a deal valued at roughly £9.2 billion (about SEK 115 billion). The Intertek board is leaning toward recommending the offer, citing that the cash‑value terms are attractive for shareholders. The proposal, amounting to £60 per share, represents a 59 % premium over Intertek’s price before EQT’s initial bid on 9 April, and the announcement sent Intertek’s shares sharply higher. With more than 44,000 employees across over 100 countries, Intertek provides testing and certification services worldwide.

Read more: https://swedenherald.com/article/eqt-one-step-closer-to-british-giant-intertek-deal

#EQT #Intertek #Wallenberg #businessnews

Sweden Herald - Latest Sweden News | EQT raises bid for London-listed Intertek to £9.2 billion (about SEK 115 billion) by Sweden Herald

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EQT, the Wallenberg family’s private‑equity firm, has increased its offer for London‑listed Intertek Group to about £9.2 billion (roughly SEK 115 billion), proposing £60 per share—a £2 rise over its earlier bid and representing a 59 % premium to Intertek’s April 9 share price. The new proposal follows three previous offers that Intertek’s board has rejected. Intertek, a global testing and certification provider, employs more than 44 000 people across over 100 countries. (Published 12 May 2026).

Read more: https://swedenherald.com/article/eqt-raises-bid-for-londonlisted-intertek-to-92-billion-about-sek-115-billion

#EQT #IntertekGroup #Wallenberg #businessnews

Sweden Herald - Latest Sweden News | Sources: EQT considering sweetened bid for Intertek by Sweden Herald

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EQT, a venture‑capital firm linked to the Wallenberg group, is preparing a higher, “sweetened” offer for London‑listed testing and certification company Intertek Group, according to Bloomberg. Intertek’s shares were around £46.35 on the London Stock Exchange, after the company previously turned down EQT’s offers of £51.50 and £54 per share. The new proposal would value Intertek at about £8.3 billion (roughly SEK 104 billion), though it remains unclear whether EQT will ultimately raise its bid further.

Read more: https://swedenherald.com/article/sources-eqt-considering-sweetened-bid-for-intertek

#EQT #Intertek #Wallenberg #businessnews

Swedish Capital Firm EQT Targets Kakaku.com in Potential Multi-Billion Deal

Swedish firm EQT is thinking about buying Japanese company Kakaku.com. This news made Kakaku.com's stock price go up today.

#EQT, #KakakuCom, #JapanBusiness, #StockMarket, #Acquisition

https://newsletter.tf/eqt-considers-buying-kakaku-com-in-japan/

Kakaku.com's stock price jumped 24% today after Swedish firm EQT said it might buy the Japanese company.

#EQT, #KakakuCom, #JapanBusiness, #StockMarket, #Acquisition
https://newsletter.tf/eqt-considers-buying-kakaku-com-in-japan/