Acquisition will give Israeli firm foothold in quality assurance for utilities; this is third aquisition for Petah Tikva-based firm this year

Deal adds Teva, Merck, Johnson & Johnson to Petah Tikva-based Qualitest's list of clients; transaction marks its second acquisition this year

The Petah Tikva-based quality assurance firm, already the world's largest of its kind, hopes to grow fivefold in 5 years with help of AI tools and aggressive M&A strategy

$420 million is the reported price tag for a majority stake purchased from Marlin Equity Partners