Published by Global Banking & Finance Review®
Posted on April 14, 2026
2 min readLast updated: April 14, 2026
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Intertek Group has launched a strategic review to potentially split into two standalone businesses—Testing & Assurance and Energy & Infrastructure—which sent its shares soaring by up to 14%, as the company aims to sharpen focus and enhance shareholder value.
April 14 (Reuters) - British product testing and certifications group Intertek is considering splitting into separate energy/infrastructure and testing/assurance businesses, it said on Tuesday, sending its shares as much as 14% higher.
The company said the move could help boost growth and returns for shareholders and that, if it decided to proceed, the plan could be implemented by mid-2027.
RBC analysts said any demerger could lead to higher costs and reduced investments, but added that consolidation in the sector suggested neither of the two businesses would remain independent for long.
Shares in London-listed Intertek were up 11% at 0755 GMT, compared with a 0.3% rise in the FTSE 100 index.
Several British firms have looked to reshape their businesses as tougher market conditions push them to rethink the path to maximum returns.
Outsourcing firm Capita sold its private sector contact centre business in March, while engineer Smiths Group last year sold its baggage-screening unit. Chemicals company Johnson Matthey is in the process of selling its catalyst technologies business.
The potential separation of Intertek Energy & Infrastructure and Intertek Testing & Assurance could be via either a sale or a spin-off, the company said.
"We believe that two specialist scale global ATIC (assurance, testing, inspection, and certification) businesses could be best positioned to accelerate growth and deliver greater value for shareholders," CEO André Lacroix said.
Intertek Testing & Assurance reported 5.6% like-for-like revenue growth in 2025 and contributed just over half of the group's revenue, according to the company's website. Intertek Energy & Infrastructure's revenue rose 2% on the same basis.
The company reaffirmed its guidance for mid-single-digit like-for-like revenue growth this year after a 5.4% increase in the first quarter, which JP Morgan analysts described as "reassuring".
($1 = 0.7400 pounds)
(Reporting by Prerna Bedi in Bengaluru. Editing by Sonia Cheema and Mark Potter)
Intertek is considering splitting its operations into separate energy/infrastructure and testing/assurance businesses to boost growth.
Intertek shares jumped as much as 14% following news of the possible break up.
If Intertek proceeds with the split, it could be implemented by mid-2027.
Intertek Testing & Assurance saw 5.6% revenue growth while Energy & Infrastructure saw a 2% increase.
Tougher market conditions are prompting British firms like Intertek to reshape for higher returns and growth.
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