SOCOTEC UK, a leading provider of testing, inspection, and certification (TIC) services for the construction and infrastructure sectors, has successfully completed the acquisition of IETG and 40SEVEN, two distinguished Leeds-based firms specializing in flow level, temperature, water quality monitoring, and land and utility surveying services respectively.
This strategic move, which brings together a talented workforce of 160 professionals and generates a remarkable revenue of £13m, effectively enhances SOCOTEC UK’s service portfolio and expands its geographical reach. As a result, SOCOTEC UK’s total turnover now stands at an impressive £200m.
Expressing his excitement about the acquisitions, Nicolas Detchepare, CEO of SOCOTEC UK, highlighted the significance of the addition of IETG and 40SEVEN to the existing environmental division. He emphasized that with the inclusion of remote monitoring capabilities, SOCOTEC UK now positions itself as the leading provider in the UK, dedicated to supporting clients in meeting the stringent legislation set forth by the Environmental Act.
Furthermore, this acquisition serves to solidify SOCOTEC’s place as a trailblazer in remote monitoring and advanced geospatial solutions within the Infrastructure, Utilities, Environment, and Construction sectors. It underscores SOCOTEC’s ambition to become the top integrated player in the UK, aiding businesses in mitigating environmental impacts and promoting the creation of a more resilient and sustainable future.
Ian Edwards, Managing Director of IETG and 40SEVEN, acknowledged the immense opportunities that lie ahead for both companies. He stressed the importance of finding strategic investment and size, along with a compatible culture and drive to accomplish their goals and perpetuate their growth strategy. SOCOTEC, with its ideal platform and seamless transition, has emerged as the perfect fit, bringing a strategic mindset, strong covenant, credibility, financial strength, and support. Moreover, SOCOTEC offers future prospects for personal and professional development among IETG and 40SEVEN staff. Edwards eagerly anticipates the next chapter of their journey within the SOCOTEC Group.
Herve Montjotin, CEO of SOCOTEC Group, also expressed his satisfaction with the operational and cultural compatibility between IETG/40SEVEN and SOCOTEC UK. With the addition of this experienced and unified team, SOCOTEC is confident in expanding its service offering, especially in the environmental domain, and further solidifying its leadership position in the UK.
