SOCOTEC takes stronger position in the Oil & Gas sector by acquiring ATS

Acquisition ATS ptt

 

In its pursuit of further growth, the SOCOTEC Group has acquired ATS, a company operating in the Oil & Gas quality control sector.

Specialising in inspection, expediting new equipment and associated technical assistance, ATS generates annual revenue of €5.6 million. It has 40 employees and an international network of over 150 experts.

The acquisition of ATS broadens SOCOTEC’s Oil & Gas technical expertise and customer base. It also strengthens the Group’s position in France and internationally: in Europe through the company’s Italian subsidiary ATS srl based in Milan, and in Asia through Chinese subsidiary Aqasia based in Shanghai.

As a result of this transaction, SOCOTEC’s business in the Oil & Gas sector represented pro forma revenue of €20 million and 200 employees at the end of 2013.

This new acquisition confirms the SOCOTEC Group’s goal to expand in the Oil & Gas sector.