SOCOTEC UK, a leader in testing, inspection, and certification for the construction and infrastructure industries, has announced its acquisition of IETG and 40SEVEN. IETG specializes in monitoring flow levels, temperature, and water quality, while 40SEVEN is noted for its expertise in land and utility surveying. This strategic move will expand SOCOTEC UK's service offerings and geographic footprint, adding 160 employees and generating an additional £13 million in revenue. This acquisition boosts SOCOTEC UK's total turnover to £200 million.
The acquisition supports SOCOTEC's mission to help clients reduce their environmental impact, especially as water companies face stricter regulations under the UK Government's revised 25 Year Environment Plan. This includes enhanced monitoring and transparency requirements introduced by the Environment Act. SOCOTEC continues its commitment to environmental stewardship and assisting clients in meeting these regulatory challenges.
IETG's capabilities in planning, monitoring, and compliance are crucial for water companies striving to meet environmental regulations. Their services encompass flow surveys, water quality monitoring, pollution alarms, and other key monitoring activities to ensure adherence to legislation.
Integrating 40SEVEN's expertise in topographical, building, and utility surveying enhances SOCOTEC's existing capabilities in survey and monitoring, offering comprehensive, in-house solutions throughout the asset lifecycle. CEO Nicolas Detchepare remarked that the acquisition strengthens their environmental division and remote monitoring services, positioning SOCOTEC as the UK's leading provider in this sector.
Ian Edwards, Managing Director of IETG and 40SEVEN, expressed enthusiasm about joining SOCOTEC, highlighting the strategic investment and growth opportunities presented. "SOCOTEC provides the ideal platform for our continued growth, offering a seamless transition and supporting the development of our team," said Edwards.
Herve Montjotin, CEO of SOCOTEC Group, emphasized the alignment between the teams, noting that the addition of IETG and 40SEVEN will enhance their environmental services. "There is a perfect operational and cultural fit, which will expand our offerings and reinforce our leadership in the UK," Montjotin stated.
SOCOTEC UK, a market pioneer in testing, inspection, and certification (TIC) services for the construction and infrastructure sectors, is pleased to announce the acquisition of IETG, specialists in flow level, temperature, and water quality monitoring, and 40SEVEN, renowned for their industry-pioneering expertise in land and utility surveying services.
This strategic acquisition, with a combined workforce of 160 professionals and a revenue of £13m, significantly enhances SOCOTEC UK's service portfolio and extends its geographic reach. The total turnover of SOCOTEC UK now stands at £200m.
Reducing environmental impact
Water companies are now tasked with meeting stringent targets and commitments
With a strong commitment to helping customers reduce their environmental impact and adapt their built assets to address climate change challenges, SOCOTEC continues to lead the way in environmental stewardship.
In 2023, the UK Government issued the first revision of its 25 Year Environment Plan, placing a critical focus on mitigating impacts on the water environment.
Water companies are now tasked with meeting stringent targets and commitments through enhanced transparency and monitoring mechanisms outlined in the Environment Act.
Regulatory compliance
IETG, experts in planning, monitoring, and measuring, are uniquely positioned to support water companies and wider stakeholders across the UK in achieving regulatory compliance.
Their services, including flow surveys, water quality monitoring and sampling, pollution alarms, level monitoring, temperature and hydrogen sulphide monitoring, are instrumental in ensuring adherence to environmental regulations.
SOCOTEC's extensive portfolio
This acquisition further bolsters SOCOTEC's extensive portfolio, providing clients with comprehensive in-house solutions
Furthermore, 40SEVEN's specialist surveying services, encompassing topographical and measured building surveys, as well as underground utility and gas hazard surveying, aligns seamlessly with SOCOTEC's existing surveying and monitoring capabilities.
This acquisition further bolsters SOCOTEC's extensive portfolio, providing clients with comprehensive in-house solutions throughout the asset lifecycle.
Commenting on the acquisition, Nicolas Detchepare, CEO of SOCOTEC UK, said: "The acquisitions of IETG and 40SEVEN reinforce and diversify our existing environmental division. With the addition of remote monitoring capabilities, we are now the leading provider in the UK, supporting our clients in complying with the rigorous legislation established by the Environmental Act.”
Pioneer in Remote monitoring
“This acquisition solidifies SOCOTEC's position as a leader in remote monitoring and advanced geospatial solutions within Infrastructure, Utilities, Environment, and Construction. The acquisition supports our ambition to become the leading integrated player in the UK, helping businesses mitigate environmental impacts and build a more resilient, sustainable future,” said Nicolas.
Ian Edwards, Managing Director, IETG and 40SEVEN said: “We can see fantastic opportunities ahead for IETG and 40Seven and after 7 years of investment support from Bentley O-S, at this crucial time, we needed strategic investment and size, matched by a similar culture and drive to achieve our goals and continued growth strategy.”
“SOCOTEC provides the ideal platform and seamless transition, whilst bringing a strategic mindset, strong covenant, credibility, financial strength, and support, and providing future opportunities for our staff to thrive and develop. We are excited and looking forward to the next stage of our journey within the SOCOTEC Group.”
Operational and cultural fit
Herve Montjotin, CEO, SOCOTEC Group, continued: “There is a perfect operational and cultural fit between IETG / 40SEVEN and SOCOTEC UK. With this seasoned and cohesive team joining SOCOTEC, we will enlarge our service offering, especially in the environmental field, and confirm our leadership in the UK”.
