3i confirms £130m Stork buy

Private equity firm 3i Group will buy Netherlands-based materials testing business Stork Materials Technology for £130m, the company confirmed yesterday. The firm said it hopes to grow as more governments bring in quality testing rules. 3i has already invested in Trescal, a European calibration and measurement services firm, and Inspectorate, a testing and inspection company, which it sold to French certification company Bureau Veritas earlier this year.