QinetiQ Sells Fuel Business to Intertek

The QinetiQ Group, based in Farnborough, is selling off its fuel and lubricants business for £500,000, reports insidermedia.com.

The Intertek Group is to take over the UK Fuel and Lubricants Testing Business (OALTB), which QinetiQ has sold in order to concentrate on their core services, including aerospace and security. Intertek is going to bring the fuel business into the pharmaceutical and chemical division of their operations.

This is the third recent acquisition by Intertek, who have also purchased Stoke based Food Analytical Laboratories Limited (FAL) and Rechere Developpement and Consulting (RDC), based in Brussels. Wolfhart Hauser, CEO of Intertek, has said the purchases “demonstrate Intertek’s progress in its strategy to add new expertise and capabilities across the supply chain.” He later commented that the firm is looking forward “to welcoming these companies and their management teams to Intertek.”

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