ALCHEMY acquired by INTERTEK

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.