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Latest acquisition extends risk management services

17 May 2022

Testing, inspection and certification service provider SOCOTEC has acquired the Base Quantum business for an undisclosed sum.

UK operation Base Quantum provides a variety of quantity surveying, dispute resolution and expert witness services.

These are provided to assist clients involved in the construction, renovation or maintenance of new or existing facilities, along with those within the infrastructure and environment sectors.

The company has a turnover of £11m and its main focus is on the delivery of risk management, including the provision of advice and negotiating services within contractual procedures.

SOCOTEC says Base Quantum "naturally enforces" its UK service proposition by further extending its "high value-added services".

While 75% of its revenues are accounted for by its expert witness services, the remaining 25% is generated from its quantity surveying and risk management operations.

SOCOTEC Group chief executive officer Hervé Montjotin said: "Any important construction project, coupled with the ageing of our infrastructures and the challenges posed by renovations, represents significant opportunities for risk analysis.

"Furthermore, the ability to assess and quantity these hazards is key for stakeholders, as economic factors play a significant role in the development of the project."

He further emphasised the importance of risk analysis at all stages of projects and stated that the Base Quantum acquisition will further enhance his company's role as a trusted, independent third party.

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