- Intertek Group
- 06 May 2025 07:18:41
Source: Sharecast
The company on Tuesday said the deal represented an “attractive opportunity” to expand its building & construction quality assurance business into Brazil's construction industry, which is valued at $120bn and is forecast to grow at 4.8% per annum to 2033.
“Heightened societal awareness around the quality and sustainability of building products, coupled with population growth and urbanisation, are placing increasingly greater demands on housing in Brazil,” Intertek said in a statement.
“In addition, legislation and government-backed programmes aimed at expanding access to affordable housing and basic sanitation will require significant investment in this decade to improve standards and strengthen the regulatory and quality environment, all of which are driving greater demand for TESIS' services.”
Founded in 1988, TESIS operates from its lab in São Paulo, where it provides testing and assurance services across a broad range of building products, including faucets and valves, adhesive mortars, decorative paints, and basic sanitation.
TESIS today has more than 80 employees and generated revenues of £3.7m in 2024.
Reporting by Frank Prenesti for Sharecast.com