Intertek and CAPA Enter into Exclusive License Agreement for Aftermarket Auto Parts Certification Program
March 02 2018 - 10:00AM
Business Wire
Intertek, a leading Total Quality Assurance provider to
industries worldwide, announces that it has entered into an
exclusive services appointment and license agreement with the
Certified Automotive Parts Association (CAPA), an independent
non-profit certification organization for automotive replacement
parts.
The agreement grants Intertek exclusive rights to operate the
CAPA certification program around the world, which includes
managing daily operations, administering certification marks and
labels, performing marketing activities and conducting testing and
inspection services. CAPA will continue as a non-profit standard
development organization, focusing on maintaining CAPA standards in
support of its mission.
Aftermarket auto parts are made by manufacturers and used for
post-sale repairs or enhancements in place of service parts
produced by or for the original equipment manufacturers (OEMs). As
the global leader in aftermarket part certification for over 30
years, CAPA standards have been used worldwide to identify high
quality aftermarket auto parts based on their design, materials,
construction and true comparability to car company brand parts.
Today, more than 92 million parts have achieved CAPA
certification.
For more than 26 years, Intertek has served as the testing and
validation partner to CAPA, accumulating years of expertise in
performance, quality and reliability standards for the AM parts
industry.
Tim Hubbard, Senior Vice President at Intertek said: “We are
delighted to have entered into this agreement with CAPA, an
organization which has long been the leader in certifying
aftermarket automotive parts and providing peace of mind to
customers. Intertek is committed to providing comprehensive
services for all segments of the automotive industry, including
aftermarket parts manufacturers. We look forward to leveraging our
experience and global reach to build on CAPA’s legacy, while taking
the program to new heights with increased speed to market and
enhanced industry relationships, utilizing our Assurance, Testing,
Inspection and Certification solutions.”
Jack Gillis, Interim Executive Director of CAPA added: “At CAPA,
our priority has always been to ensure that the market has access
to high-quality, fairly priced, alternative parts that provide the
same functionality as a car company brand part. Our partnership
with Intertek has set the stage for the logical transition of
CAPA’s program management to this highly respected, international
testing company. Intertek’s extensive experience with CAPA, CAPA
manufacturers, and automotive testing and certification will enable
them to significantly grow the program while manufacturers and the
marketplace will notice few outward changes.”
Intertek provides expertise on performance, quality and
reliability standards and expectations for the automotive
industries with efficient, cost-effective insights and testing
capabilities. The Company is accredited to conduct hundreds of
electrical, chemical, and mechanical tests for automotive
components, products and systems. For more information
For more information, visit www.Intertek.com/automotive/
A video describing how CAPA complements Intertek’s Total Quality
Assurance services, can be viewed at
www.intertek.com/investors/.
ABOUT INTERTEK
Total Quality. Assured
Intertek is a leading Total Quality Assurance provider to
industries worldwide. Our network of more than 1,000 laboratories
and offices and over 42,000 people in more than 100 countries,
delivers innovative and bespoke Assurance, Testing, Inspection and
Certification solutions for our customers’ operations and supply
chains. Intertek Total Quality Assurance expertise, delivered
consistently with precision, pace and passion, enabling our
customers to power ahead safely.
intertek.com
ABOUT CAPA
The Certified Automotive Parts Association, founded in 1987, is
the nation’s only independent, non-profit certification
organization for automotive crash parts whose sole purpose is to
ensure that both consumers and the industry have the means to
identify high quality parts via the CAPA Quality Seal. CAPA is an
ANSI accredited standards developer for competitive crash repair
parts. For more information see
CAPAcertified.org.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180302005333/en/
FOR MEDIA INFORMATION:Please contactCheryl
PrejsnarPublic Relations Manager+1
630-408-5538cheryl.prejsnar@intertek.com
Intertek (LSE:ITRK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Intertek (LSE:ITRK)
Historical Stock Chart
From Apr 2023 to Apr 2024