Socotec announces purchases of UK specialist service provider
22 March 2017
French construction inspection service provider Socotec Group has announced the purchase of UK-based ESG for an undisclosed sum.
Employing around 1,400 people, ESG was previously majority owned by 3i Group.
It is a specialist provider of testing, inspection and compliance (TIC) services and operates 28 sites in the UK and Ireland.
Included within this are 28 UKAS-accredited testing and measurement laboratories.
ESG operates mainly within the construction and infrastructure sectors and is led by chief executive officer (CEO) Ian Sparks.
The acquisition was described as part of Socotec's international expansion drive, furthering its aim to become the leading European provider of TIC services within the construction and infrastructure sectors.
Socotec CEO Hervé Montjotin described the deal as enhancing his company's "scope of expertise", providing a base second only to its French owner's in size.
"This acquisition, which will double our revenue outside France, is a perfect fit for our international expansion plans," he said.
Mr Sparks described the two companies shared ambitions for growth as "extremely important".
The size of Socotec and its wide range of services, provided to similar sectors to ESG, was described as "really good news for both ESG and our clients".