ITM Monitoring Acquired by the SOCOTEC Group
ITM Monitoring is pleased to confirm that it has been acquired by the SOCOTEC Group, to support the Group’s ambitious growth strategy.
SOCOTEC acquired ESG last year, and is a leading company in testing, inspection and certification with ambitious growth. They have been actively seeking quality acquisition targets and ITM stood out due to the strength of the work that we have delivered and the way in which we work, which is a real credit to all the staff here.
Jon Scott, Managing Director of ITM Monitoring, commented, “This is a genuinely exciting opportunity, and one which is a direct reflection of the high esteem in which the industry holds ITM and its staff. SOCOTEC and I anticipate that this acquisition will open doors for both companies so that we can access larger projects either for monitoring alone or as part of a broader scope of work.”
Jon continued, “Importantly, I am really excited to be involved with people I have known for decades, who I know can bring benefits to ITM’s clients and staff. It will be a great privilege continuing to run and lead ITM together with the SOCOTEC team into this exciting new future.”
Ian Sparks, CEO of SOCOTEC, explains, “The acquisition of ITM Monitoring marks another positive step forward for SOCOTEC and our ambitious growth strategy, which we plan to achieve through both organic investment and acquisition”.
We look forward to bringing our clients, staff and suppliers the benefits that being part of the SOCOTEC group will provide.