SOCOTEC Group acquires EUROGEO in Italy, a specialist in geotechnical engineering
The SOCOTEC group acquires EUROGEO in Italy, a specialist in geotechnics for infrastructures.
SOCOTEC Group is based in Italy with 650 employees and has enjoyed strong growth momentum since its arrival in 2018.
- With the acquisition of EUROGEO, SOCOTEC Italia's turnover exceeds now €50M and the company strengthens its position as a national leading company in infrastructure testing and inspection services.
- This is the group's third acquisition in 2022, following the purchase of the Spanish company Bac Engineering and the German company Pfeifer.
SOCOTEC is accelerating its development in Italy
SOCOTEC Group, an independent third party and a major player in Testing, Inspection and Certification (TIC) services in the construction, infrastructure and environmental sectors, has acquired the Italian company EUROGEO to strengthen its Italian platform, which offers a wide range of testing, inspection and geotechnical services for the country's major infrastructure projects.
EUROGEO was founded back in 1997 in Paderno Dugnano, north of Milan. With 40 experts, it is specialized in geotechnical investigations for infrastructure projects.
This acquisition will reinforce the 650 professionals of SOCOTEC Italia and will bring complementary know-how in the prevention of natural risks (for example for the monitoring of landslides) or in the industrial field such as the evaluation of the potential contamination of deep soils around petrochemical sites, the monitoring of aquifers or the auscultation of hydroelectric and thermoelectric installations.
For Hervé Montjotin, CEO of the SOCOTEC Group: "Strengthening our positions in Italy is at the heart of our strategic roadmap. The infrastructure market is growing strongly and is benefiting greatly from the European recovery plan. Our development is based on the acquisition of new skills and techniques in order to strengthen our leadership position. We are involved in the largest Italian construction and infrastructure projects such as the Brenner tunnel, the Milan-Genoa high-speed railroad line, the reconstruction of the Genoa bridge and offshore projects requiring specialized marine geotechnical services. SOCOTEC Italia is clearly a key player in the entire life cycle of these assets and has first class teams and skills. EUROGEO thus supports the strong development of SOCOTEC in Italy, which has doubled in size in less than two years."