Intertek's board is poised to approve a £10bn takeover by Swedish private equity firm EQT, marking one of the largest deals in the testing and inspection sector this year. The acquisition values the UK-based quality assurance company at a significant premium to its market price, with shareholders set to receive substantial returns.

The deal comes as Intertek seeks to accelerate its growth trajectory under private ownership, away from public market pressures. EQT sees opportunity in Intertek's diversified portfolio spanning consumer goods, healthcare, and energy sectors, where demand for certification services remains strong.

Shareholders will vote on the offer in the coming weeks, with the transaction expected to complete by early 2025 pending regulatory approvals. The takeover represents EQT's continued expansion in industrial services, leveraging Intertek's global footprint across 100+ countries.

This acquisition signals private equity's appetite for quality businesses with recurring revenue streams, even amid economic uncertainty. The deal value reflects confidence in Intertek's market position and growth potential.