Private‑equity firm EQT AB submitted a definitive offer to acquire Intertek Group for £9.3 billion ($12.3 billion). The bid, once accepted, will remove the testing and inspection company from the London Stock Exchange, adding another UK‑based name to the recent wave of delistings.

Investors had watched Intertek’s share price drift lower amid a broader market sell‑off of listed industrial services firms. By agreeing to the takeover, the board signals that the valuation reflects a premium over recent trading levels, offering shareholders a clear exit while positioning the business for private‑capital‑driven growth.

EQT’s move follows a pattern of European buyouts targeting high‑margin, globally diversified service providers. The firm likely aims to leverage Intertek’s extensive client base across safety, quality and sustainability testing, potentially integrating it with other portfolio assets to generate cross‑selling opportunities.

The transaction will reshape the UK market, reducing the number of listed industrial service companies and underscoring the appeal of private equity capital in a low‑interest environment. With the deal set to close pending customary approvals, Intertek will transition to a privately held structure under EQT’s oversight.