Moody International

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Moody International Ltd.
IndustryTechnical services
Founded1911; 110 years ago (1911)
DefunctApril 28, 2011; 10 years ago (2011-04-28)
FateAcquired by Intertek in 2011
Headquarters,

Moody International Ltd. provided technical services to reduce risk in the petroleum industry, amongst others.

On April 28, 2011, the company was acquired by Intertek for £450 million. At that time, the company had over 2,500 employees[1] and 80 offices in 60 countries.[2]

History[edit]

The company was founded in the United States in 1911.[2]

In 1948, the company opened an office in Japan, its first international office.[2]

The company opened an office in United Arab Emirates, its first office in the Middle East, in 1986. It opened offices in China in 1993 and Baku in 1996.[2]

In 2007, the company was acquired by Investcorp of Bahrain for £192 million.[1][3]

On April 28, 2011, the company was acquired by Intertek for £450 million.[4][1][5]

References[edit]

  1. ^ a b c Ruddick, Graham (8 March 2011). "Intertek buys Moody International for £450m". The Daily Telegraph.
  2. ^ a b c d "Moody International: 100 Years of Global Expertise and Local Presence". SlideShare. 6 April 2011.
  3. ^ "Investcorp to Acquire Moody International". RigZone.
  4. ^ "Intertek completes Moody acquisition" (Press release). Intertek. April 28, 2011.
  5. ^ Turner, Lorraine (March 7, 2011). "Intertek makes $730 million strategic buy in energy". Reuters.