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Sun September 15 2019

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Geotechnical acquisition for testing house

9 Mar 18 Testing and inspection firm Socotec has acquired Calyx Investments, the holding company for the geotechnical and structural monitoring specialist ITM Monitoring.

ITM Monitoring supplies, installs and monitors projects that involve the movement of earth, rock and concrete structures affected by natural instability, demolition or construction, providing measurement and data. 

Socotec chief executive Ian Sparks said: “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. The acquisition further strengthens our position in the UK market and provides significant opportunities within the infrastructure sector.”

ITM Monitoring managing director Jon Scott said: “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.” 

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