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Lamprell sells Inspec

: Tuesday, March 04 - 2014 @ 01:33

Sharjah-based Lamprell has announced the completion of the sale of Inspec to Intertek Testing Services Holdings for a total cash consideration of $66.2m. Inpsec, which operates across the UAE and Oman, delivered a positive performance during 2012 with a net profit of $6.3m. Lamprell will remain a significant customer of INSPEC and, as part of the agreement, the group has also entered into a multi-year preferred supplier agreement with Intertek for the provision of services by Inspec.

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Tuesday, March 4- 2014 @ 1:33 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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