Industrial safety equipment manufacturer Intertek has acquired Costa Rica-based firm Supilab for an undisclosed amount.

The move will provide Intertek with immediate access to a larger customer base and a fast-growing assurance, testing, inspection and certification (ATIC) market in Central America.

Supilab is a provider of food safety and medical device testing services and generated revenues of £3.1m last year.

Intertek suggested that the Costa Rican economy is growing “rapidly”, creating a significant market for risk-based quality assurance solutions that can cater to rising demand from consumers for safer and more sustainable food options, and the expansion of the country’s medical devices market.

“The acquisition of Suplilab in Costa Rica is an exciting opportunity to enter into Central America's high-growth, high-margin food and medical devices spaces, deepening our industry-leading ATIC footprint in Latin America,” said Intertek CEO, André Lacroix.

“We look forward to working with the Suplilab team to seize the exciting growth opportunities ahead.”

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