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09/03/2018
SOCOTEC Completes Acquisition Of ITM Monitoring
SOCOTEC has completed the purchase of Calyx Investments, the holding company for geotechnical and structural monitoring specialist ITM Monitoring.
ITM Monitoring is a leader in the supply, installation and monitoring of small to large scale projects which involve the movement of earth, rock and concrete structures affected by natural instability, demolition or construction, providing critical measurement, monitoring and data delivery.
Ian Sparks, Chief Executive Officer of SOCOTEC UK, said the acquisition will strengthen the company's position in the UK market and provides "significant opportunities” within the infrastructure sector.
"ITM offer a service that very much complements our existing monitoring services, and supports our ongoing ambition to become a single provider with multiple technical disciplines in the Infrastructure & Energy and the Environment & Safety sectors," he said.
Jon Scott, Managing Director of ITM Monitoring, added: "Having seen ITM though 30 years of development, this is an exciting step for ITM as we join an ambitious and like-minded group. We have worked with many of the SOCOTEC team in the past and look forward to developing the clear synergies of the two organisations with people we already know. The strength and support we now gain will undoubtedly move ITM up to a new level."
SOCOTEC is the UK's leading provider of testing, inspection and compliance services in Infrastructure & Energy and Environment & Safety.
(LM)
ITM Monitoring is a leader in the supply, installation and monitoring of small to large scale projects which involve the movement of earth, rock and concrete structures affected by natural instability, demolition or construction, providing critical measurement, monitoring and data delivery.
Ian Sparks, Chief Executive Officer of SOCOTEC UK, said the acquisition will strengthen the company's position in the UK market and provides "significant opportunities” within the infrastructure sector.
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"ITM offer a service that very much complements our existing monitoring services, and supports our ongoing ambition to become a single provider with multiple technical disciplines in the Infrastructure & Energy and the Environment & Safety sectors," he said.
Jon Scott, Managing Director of ITM Monitoring, added: "Having seen ITM though 30 years of development, this is an exciting step for ITM as we join an ambitious and like-minded group. We have worked with many of the SOCOTEC team in the past and look forward to developing the clear synergies of the two organisations with people we already know. The strength and support we now gain will undoubtedly move ITM up to a new level."
SOCOTEC is the UK's leading provider of testing, inspection and compliance services in Infrastructure & Energy and Environment & Safety.
(LM)
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