Latest News Articles
Most recently posted articles:
- Invitation to comment on RSPO Certification Assessment
- Intertek Moody Asset Integrity Services Safety Excellence Awards
- Intertek Acquires Moody International
- API Auditor Summit
- Moody International Celebrates Milestone 100th Anniversary
- First Accredited Certificate for FSSC 22000
- Pro-Inspect Receives 2010 Safety Excellence Award
- Intertek Moody Consulting and Training Receives New IADC Accreditations
- CEOC International Teams Up With EFAC
Other recently posted articles:
- Intertek Moody Launches Global CRM System
- OPITO - The Oil & Gas Academy, Awards Intertek Moody Consulting & Training Accreditation to Provide Minimum Industry Safety Training
- SBM Offshore Contract - Brazil
Invitation to comment on RSPO Certification Assessment of Oil Palm Plantation Estates under Felda Group, Plantation Certification Unit - KKS Bukit Mendi, Triang, Pahang, Malaysia
Please click here for more details
Moody International Certification (M) Sdn Bhd - RSPO Certified Clients
Moody International Certification (M) Sdn Bhd - Reference Documents
Intertek Moody Asset Integrity Management, Louisiana Operations Received Three Safety Excellence Awards
in One Week
3/15/2011 Motiva Refinery, Convent, LA (pictured)
3/15/2011 Motiva Refinery/Shell Chemical, Norco, LA (pictured)
3/17/2011 Shell Chemical, Geismar, LA (not pictured)
We thank all of our employees for their hard work and dedication to a safe workplace and look forward to another safe year.
INTERTEK ACQUIRES MOODY FOR GBP450 MILLION
7 MARCH 2011
Summary of the Acquisition
Intertek Group plc ("Intertek" or the "Company"), a leading international provider of quality and safety services, announces that it has entered into a conditional agreement to acquire Moody International ("Moody") for a consideration of US$730 million (GBP450 million) on a cash-free and debt-free basis (the "Acquisition").
Moody is a leading worldwide provider of quality and safety services to the global energy industry. It also provides systems certification services to the manufacturing, construction and service markets. Moody is headquartered in Haywards Heath, UK, and employs approximately 2,500 people in over 80 offices and 60 countries. Moody is currently owned by companies controlled by Investcorp Securities Limited, and the management of Moody. Intertek is funding the Acquisition entirely in cash from new and available debt facilities.
Background to and reasons for the Acquisition:
Moody will join the Industrial Services division of Intertek. Together Intertek and Moody will have a leading technical services platform in Intertek's sector of the global energy market.
The Acquisition offers significant benefits for and opportunities to the Company, including:
_ Becoming a leading provider of quality & safety services for the global energy market
_ Creating a global platform for the provision of Industry Services, extending existing EU and North American positions
_ Extending the depth of the service portfolio for energy assets, processes and products
_ Becoming a global player in systems certification
_ Increasing revenue diversification for Intertek
_ Pre-tax cost synergies rising to approximately GBP 6 million are expected to be achieved by the third full year of ownership
Further information on Moody and the transaction:
The value of Moody's gross assets which are the subject of the Acquisition was US$330 million as at 31 December 2009, the latest date at which audited consolidated accounts are available for Moody. For the year ended 31 December 2009 Moody generated revenue of US$457 million, operating profit before the deduction of goodwill amortisation ("EBITA") of US$66 million and profit before tax of US$49 million. Moody's unaudited management accounts for the year ended 31 December 2010 show revenue of US$476 million and EBITA of US$54 million. The consideration of approximately US$730 million represents a multiple of 11.1x 2009 EBITA and 13.4x 2010 EBITA.
The Acquisition, excluding reorganisation and associated costs, is expected to be earnings enhancing for the Company in the current financial year and is expected to be materially earnings enhancing next year.
The Acquisition is conditional upon competition clearances in certain countries. It is anticipated that the necessary clearances will be obtained by the end of April and the transaction will complete immediately after.
Brendan Connolly, Moody's Chief Executive Officer, will remain as part of the management team going forward.
Wolfhart Hauser, Chief Executive Officer of Intertek, commented: "Today's announcement marks an important stage in the ongoing development of Intertek. Moody operates in one of our core industries, the global energy market, which is set for strong long term growth. Moody is a successful company with a well regarded management team. The combination of Moody and Intertek provides a platform for the enlarged group to further develop its service offerings and network within the oil and gas industries specifically, but also to the wider energy and industrial markets. Intertek will now have a leading position in providing quality and safety services to the assets, processes and products for the energy market. The good match between the geographic exposure of the two businesses gives Intertek scale in new countries and the enlarged group a greater presence in the fastest growing regions of the world. We are also pleased to be merging our systems certification business with that of Moody. The businesses are strongly complementary with good geographic and customer fit and this will make Intertek a significant player in this industry."
Brendan Connolly, Chief Executive Officer of Moody, commented: "Moody and Intertek are a perfect fit. We can offer our world class technical inspection, consultancy and training services to Intertek's clients and we will benefit from the Intertek expertise in providing quality and safety services to existing, and often ageing, energy assets. By combining these two businesses, we will ensure that the enlarged group takes a leading position in the global energy market. The fit of our businesses also applies to the merger of our two strong systems certification platforms. Overall, this is a compelling combination."
2011 API Auditor Summit
The American Petroleum Institute (API) held their summit for API Auditors in Houston, Texas (USA) 7-9 Feb., 2011 and the event was attended by auditors from all over the world. Intertek Moody has some 50+ auditors participating in this program - out of 129 total auditors worldwide. Topics covered during the summit included pipe mill auditing, offshore and deep water drilling audits, audit plans, new additions to API specifications and a wide variety of other subjects. Don Kemper, Intertek Moody Quality Assurance Manager, presentation a discussion regarding Pipe Mill Technical Auditing.
Intertek Moody attendees included: Riccardo Capuzzo (Italy); Jose Cimenta (Brazil); Frikkie Geyser (South Africa); Keith Jennings (The Netherlands); Don Kemper (USA); Ian Kerr (Saudi Arabia); Svetlana Khramova (Russia); Geoff Lester (UK); Scott Morrison (USA); Thiagarajan Muthukumarasamy (Australia); Suresh Nair (Canada); Jan Strunc (Czech Republic); Colin Temple (UK); Ovidiu Ungureanu (Germany); Etienne Valentin (France)
Moody International Celebrates Milestone
100th Anniversary
In 1911 Virginius Daniel Moody established Moody Engineering for construction and electrical engineering projects. During the 1920's the rapid development of the oil and gas industry in the USA created a large new client base for Moody's services. In 1948, the company started to expand globally with its first international office in Japan. From the 1960's, through the new millennium, further growth of Moody International has extended into all major regions including AsiaPacific, the Americas, Europe, Africa, and the Middle East. Today, the USD $500M Moody International Group boasts a presence of 80+ offices in more than 60 countries.
2011 will be an exciting year for Moody International as the company celebrates its 100th anniversary! We have much planned throughout the year as we showcase our accomplishments, remember our history, thank clients and employees, and look forward to the successes in the many years to come.
Throughout the year, look for more news and information. Thank you for celebrating with us!
Intertek Moody Bulgaria Issues First Accredited Certificate for FSSC 22000
The 
Intertek Moody Certification office in Sofia, Bulgaria has recently issued the company's first accredited certificate for FSSC 22000:2010. The recipient of this first certificate, Fiesta MB Ltd., demonstrated excellent performance against the strict requirements of the certification standard.
The Foundation for Food Safety Certification developed the FSSC 22000 classification for certification of food manufacturers. FSSC 22000 includes a complete certification plan for Food Safety Systems based on the food safety management standard ISO 22000:2005 and the specification for prerequisite programs on food safety for food manufacturing - BSI PAS 220:2008. Manufacturers already certified against ISO 22000 will only require review against BSI PAS 220 to meet the FSSC 22000 certification scheme requirements.
The FSSC 22000 certification scheme has been given full recognition by the Global Food Safety Initiative Board of Directors on equal basis with the other food safety standards namely IFS, BRC and SQF 2000 - Code. Certification against FSSC 22000 demonstrates an elevated food safety culture, continuous improvement and utilisation of the best food safety practices worldwide.
Pro-Inspect, Inc Receives 2010 Safety Excellence Award
Pictured: Accepting the award on behalf of Pro-Inspect, Inc. are Kelley Jones (General Manager) and Don Brou (Area Manager, Louisiana)
The Louisiana Operations of Pro-Inspect, Inc., a wholly owned subsidiary of Intertek Moody, received a 2010 Safety Excellence Award at the 14th Annual GBRIA (Greater Baton Rouge Industry Alliance) Contractor Safety Excellence Awards Banquet. Pro-Inspect was nominated for this prestigious award by Motiva through its Convent Refinery in Louisiana (USA).
Pro-Inspect Louisiana Operations opened their office in June 2001. Since the opening, they have had zero (0) OSHA Recordables, zero (0) Lost Time Accidents, zero (0) Fatalities, and only a small handful of minor First Aids. It was the dedication and commitment to safety of the employees and management that has made this award possible and makes Pro-Inspect stand out among its competitors.
Congratulations to all involved for your
hard work and leadership!
Intertek Moody Consulting and Training Receives New IADC Accreditations
Intertek Moody Consulting and Training (C&T) is pleased to announce the successful certification of several training courses by the International Association of Drilling Contractors (IADC). The IADC's Drilling Industry Training Accreditation System (DIT) provides trainers with accreditation for custom-designed courses and ensures similar courses meet the same minimum standards for design and delivery of training.
Courses recently accredited under DIT are as follows:
Expanding Our Culture Beyond Safety - Designed to help continuously improve an organisation's safety performance by addressing the factors critical to building an incident-free culture, where individuals take personal responsibility for their safety and the safety of those around them.
Basic Drilling and Offshore Operations Overview - Provides participants with an understanding of procedures used to drill a well and problems that can be encountered. This is an excellent program for new employees, office personnel or anyone who is associated with drilling but might not be involved with day-to-day operations.
Stuck Pipe Prevention - Designed to prevent the most costly of drilling-related problems, stuck pipe, and the mechanics of what causes sticking. Preventive measures are explored to avoid getting stuck, including warning signs of an impending problem and ways to break the chain of events leading to stuck pipe. In the event of a problem occurring, initial steps are outlined to minimise the event and free the pipe quickly.
Assessor Training - Teaches the fundamental assessment skills needed for individuals to competently fulfil the assessment functions required in the administration of a competence assurance program.
Congratulations to the Intertek Moody C&T team involved in the development and certification of these four courses.
Should you wish to learn more about these accredited courses, please contact Michelle LeBlanc, Intertek Moody C&T Sr. Consultant, at michelle.leblanc@moodyint.com
CEOC International Teams Up With EFAC:
Together for Minimising Risks and Maximising Safety
in Europe and Beyond
Paris/Brussels, 18 November 2010.
CEOC International, the International Confederation of Inspection and Certification Organisations, and EFAC, the European Federation of Associations of Certification Bodies, have sealed further close cooperation. 
The Memorandum of Understanding was signed by the CEOC President, Dr Hugo Eberhardt (TUV AUSTRIA) and EFAC Chairman, Ivan Savov (Intertek Moody) after the ISO CASCO Plenary Meeting on 18 and 19 November in Paris.
A first concrete output of the agreement will be the transfer of EFAC's official address to the CEOC premises in Brussels, as well as the establishment of a joint committee.
The signing of the present MoU follows a series of strategic moves towards closer cooperation in the Testing, Inspection, Certification and Accreditation (TICA) sector.
Earlier this year, CEOC International reinforced its cooperation with two other major players in the sector, namely EUROLAB (European Federation of National Associations of Measurement, Testing and Analytical Laboratories) and EFNDT (European Federation for Non-Destructive Testing) whose addresses will also be centralised at the CEOC premises in Brussels.
Concrete results of the cooperations are, for instance, the joint management of the JTCPTC (Joint EUROLAB-CEOC Technical Committee on Product Testing and Certification) and the newly created joint CEOC-EFNDT committee on non-destructive testing issues.
Among the many other actions CEOC started and continued during 2010, these agreements illustrate an important step in the further development of the European inspection, testing and certification sector and enhance the political visibility and technical influence towards the European Institutions and Organisations in Brussels.
Moreover, they reflectthe global call for a concerted action with view to the growing number of unsafe products reaching the European markets and the ongoing ageing of technical and industrial installations.
Together with EFAC and its other partners CEOC International sees itself as active player of an International Safety Alliance, providing enhanced safety to the European/ global societies and their citizens.
CEOC International - the International Confederation of Inspection and Certification Organisations - was founded in 1961 in Zurich in Switzerland and acts as the voice of the inspection and certification sector at EU and international levels. Its headquarters are now based in Brussels. The confederation represents the joint interests of many of the world's leading inspection and certification companies, employing more than 70,000 highly qualified persons, of which over 42,000 are graduate engineers and technicians. CEOC members are world-wide involved in the periodical inspection of technical installations as well as the certification of new products and services to protect the workers and citizens of Europe against unsafe products and technical installations.
EFAC -The European Federation of Associations of Certification Bodies - was founded in 1998 in response to a concern that European certification bodies lacked a focus for the promotion of their collective and individual interests both within Europe and further afield. The founder members were the trade associations VAZ of Germany, AIOICI and ALPI of Italy and ABCB of the United Kingdom and EFAC was formally registered in the U.K. as a company limited by guarantee in February 2002.EFAC is represented in various groups of the European Co-operation for Accreditation and IAF (International Accreditation Forum). Its objectives are to promote EFAC within Europe; provide a focus for the formulation of policy, opinions and views in matters of common interest to its members; promote the collective and individual interest of members in all relevant European and international fora.
INTERTEK MOODY LAUNCHES GLOBAL CRM SYSTEM
In September 2010, Intertek Moody launched a companywide Customer Relationship Management (CRM) system. This is the latest component in an ongoing initiative to improve the company's internal control systems and processes.
Pictured Left to Right: JC Dayapan, Pat McQuillan, Olga Kopteva, Wayne Allen, Frederic Leforestier, Nicky Wang, Dario Vianello, Paula Schwartz, Garry Tanner, Renea' Luster, Peter Karounos; Danny Gennissen
The objective of the new CRM system is to strengthen client relationships by providing client-facing personnel with additional real time information and visibility on current and past contracts, projects, assignments, and relationships. CRM provides a seamless tool through which Intertek Moody's Global Account Managers (GAM's) and Business Development Professionals can easily communicate and coordinate sales and marketing strategies across multiple continents. Additionally, the system will allow for improved collaboration on large scale tenders and RFQ's while at the same time enhancing internal processes such as risk assessment, contract review, bid review/approval, sales forecasting, etc.
A "Train the Trainer" event was organised in August to prepare for the launch of CRM throughout the Group. Twelve (12) Product Champions were trained and these individuals will now deliver the training across all regions in September before CRM goes live. Approximately 200 internal users will be trained on CRM across all regions and offices.
Ultimately, the implementation of CRM should lead to stronger client relationships and improved win rates for Intertek Moody.
OPITO - The Oil & Gas Academy, Awards Intertek Moody Consulting & Training (C&T) Accreditation to Provide Minimum Industry Safety Training (MIST)
Intertek Moody Consulting & Training (MI C&T) in Aberdeen has been appointed as an Approved Training Provider by OPITO - The Oil & Gas Academy, following its submission to deliver Minimum Industry Safety Training (MIST).
Pictured Left to Right: Andrew Flockton, Consultant; Audrey Anderson, Business Manager; Angus Scott, Regional Manager
The accreditation process involved an audit of C&T's quality management system and course materials followed by the delivery of a pilot course. Vickie Corraro (C&T Instructional Design Team) led the development of the course materials and the pilot course was delivered by Andrew Flockton.
The development of MIST arose from a vision set out by the 2007 "Boots-On for Safety" campaign to make the UK "the safest place to work in the worldwide oil and gas industry by 2010". The standards were developed by an industry expert group comprising all major stakeholders in order to address the need for increased competency and safety awareness for new-starts. All new-starts in the industry are required to have this qualification.
The 9-module course covers the key safety elements of UK offshore oil and gas. It also provides a basic appreciation of potential offshore hazards and controls as follows:
- Introduction to the Hazardous Offshore Environment
- Working Safely (including Safety Observations Systems)
- Understanding the Risk Assessment Process
- Tasks that Require Permit to Work
- Personal Responsibility in Maintaining Asset Integrity
- Using Manual Handling Techniques Every Day
- Being Aware of Mechanical Lifting Activities
- Knowledge and Practices of Working at Height
- Controlling the Use of Hazardous Substances Offshore (COSHH)
Intertek Moody C&T will deliver this training in the UK at its training centre in Aberdeen via a 2-day workshop which includes experiential activities enabling students to practise the skills they have learned.
Please contact Audrey Anderson (a.anderson@moodyint.com) at Intertek Moody C&T in Aberdeen for further details about this course or the accreditation process.
Intertek Moody Wins Another Major Contract with SBM Offshore in Brazil
Intertek Moody, via its operating office in Brazil, has won a second consecutive contract with SBM Offshore for project support services for the Brazil FPSO project "Cidade de Paraty" .
Following the success of an initial contract with Intertek Moody for the P-57 FPSO project, SBM Offshore has entrusted Intertek Moody to provide integrated project support services during the construction of a new FPSO. This new FPSO, when completed, will be operating in the Tupi Nordeste field in the Santos basin pre-salt area, offshore Brazil for a consortium of oil companies led by Petrobras.
This second contract awarded by SBM Offshore demonstrates Intertek Moody's ability to deliver integrated solutions which include vendor inspection and expediting, auditing and procurement support services. These solutions ensure conformance to standards and specifications within the supply chain and during construction phases.
SBM Offshore signed a two year contract with Intertek Moody in July 2010 in SBM's Netherlands office in the presence of Peter de Haas, SBM Offshore Project Manager and Frederic Leforestier, Intertek Moody Board Director and Executive Sponsor for SBM Offshore.
Pictured : Frederic Leforestier (Intertek Moody); Peter de Haas (SBM)
Immediately after the contract was signed, Intertek Moody Brazil, led by Country Manager Cesar Aulicino, started the work to provide project personnel to SBM Offshore and vendor auditing services at various locations in Brazil.
Frederic Leforestier commented on the contract: "We are very excited to win a second major contract with SBM Offshore in Brazil. This reinforces our belief that our global expertise as well as our local presence in Brazil brings significant value to our clients operating in Brazil . We are very much looking forward to a continued successful relationship with SBM Offshore."
SBM Offshore Project Manager Peter de Haas further added: "Based on the success and support received by Intertek Moody for our P-57 FPSO project, we were convinced that Intertek Moody will be a partner of choice for our second new FPSO project 'Cidade de Paraty' with Petrobras. We count on their support to help us complete the FPSO on schedule and on budget."
