Intertek has entered into a definitive agreement to acquire Alchemy from the private equity firm The Riverside Company. This acquisition strategically expands the acquirer,s global Assurance business by adding a bespoke People Assurance SaaS offering that focuses on employee skills and frontline productivity. The integration is expected to yield strong commercial synergies, particularly within the food supply chain where both companies maintain a significant footprint. The target,s subscription-based revenue model, characterized by three-year contracts and high client retention rates, provides excellent revenue visibility and strengthens the acquirer,s financial profile. The management team of the target will remain with the business to drive the next phase of growth, which includes scaling the software solutions to industries beyond the food sector, such as manufacturing and retail, across the acquirer,s global network.

Alchemy is an industry leader in technology-enabled People Assurance solutions, specifically designed for the frontline workforce in the food industry. The company,s business model focuses on a cloud-based SaaS platform that delivers interactive learning and monitoring tools to identify and close critical skills gaps. By providing bespoke content and digital workflow management, Alchemy helps multi-site organizations drive safety, productivity, and operational excellence while ensuring compliance with increasingly complex global food safety regulations. Its scalable technology platform serves over 1,100 clients, offering a high-margin, capital-light solution that monitors frontline operations in real-time. The value proposition is centered on "closing the loop" between operational procedures and actual employee skills, providing mission-critical quality assurance for corporations with large deskless workforces.