Private equity firm EQT has agreed to take over Intertek in a £10.6bn deal, according to sources familiar with the matter. The acquisition, which is subject to regulatory approval, marks a significant shift for the UK-based testing, inspection, and certification group.

Intertek has faced financial challenges in recent years, including a sharp drop in profitability and a rebranding effort to modernize its image. EQT, a pan-European private equity firm with a history of acquiring and growing industrial businesses, is positioning the deal as a way to unlock value through operational improvements and strategic integration. The investment comes at a time when UK manufacturing firms are seeking stronger supply chain verification services.

The deal raises questions about Intertek's future leadership and its ability to compete with larger rivals like UL and TÜV. Investors are likely to focus on EQT's track record in driving growth for similar-sized companies, particularly in the industrial testing sector. The £10.6bn valuation reflects Intertek's revenue streams, including environmental compliance services and product safety certifications, which are critical for UK exporters.

If approved, the acquisition would consolidate a key player in the supply chain verification market, potentially reshaping the competitive landscape for testing and certification services in the UK.