Industrial safety equipment maker Intertek Group Plc on Monday said it had bought Suplilab, a provider of food safety and medical devices testing services, based in San José, Costa Rica for an undisclosed sum.
Suplilab specialised in microbiology, water and chemistry testing and had established a "market-leading position in the food and medical devices sectors based on a strong track record of rapid growth in these high-margin spaces", Intertek said in a statement.
The Costa Rican firm employs 38 highly people and generated revenues of £3.1m in 2024, it added.
"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 strong expansion of the country's medical devices market," the company said.
Reporting by Frank Prenesti for Sharecast.com