Intertek Buys Moody From Investcorp For $730M

Law360, New York (March 7, 2011, 4:49 PM EST) -- Testing and quality consulting firm Intertek Group PLC said Monday it would purchase energy technical services company Moody International for $730 million in a deal that gives it footholds in South America and Africa.

Intertek Group's acquisition of the Haywards Heath, England-based Moody from Investcorp will also extend Intertek's existing capabilities in technical inspection and asset integrity management across Eastern Europe, the Middle East and the Americas, Intertek said.

"Moody's business geographies will deepen and extend Intertek's global coverage and increase our reach and service portfolio...
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