Turnover: 1.2 billion EUR (2023)

Country: France

  • ICT testing, inspection and certification company, specializing in construction, infrastructure and the environment, dedicated to risk management
  • Present in 25 countries, 10,000 employees
  • A group growing through accelerated external growth
  • In France, 150 sites, 5,000 engineers and technicians

News

Construction: Socotec accelerates growth and internationalization 22/11/2023

  • The French group, specialized in technical control and risk management for the construction, infrastructure and industry sectors
  • eleven acquisitions since January
  • In Great Britain, Socotec UK acquires IETG in Leeds (160 professionals), specialized in electronic monitoring and measurement services for water and hydrogen sulfide leak detection.
  • Its subsidiary Socotec UK will achieve sales of over 200 million euros by 2023 with the integration of Hutton + Rostron, a team of some thirty building experts
  • Socotec USA acquires SLS Consulting in Miami (60 consultants), with offices in Atlanta, Boston and New York, specializing in fire safety.
  • Socotec USA generates sales of around 150 million) in a dozen states.
  • The Group, which had forecast total sales of 1.4 billion euros in 2024 (800 million in 2020)
  • Organic growth between 7 and 9%
  • Overall growth of around 15%
  • International share of sales: 50%.
  • Sales target of 2.4 billion euros in 2028, with international sales up to 60%.
  • Strengthen its presence in the infrastructure sector, whose share of sales would eventually reach 40% (compared with 32% today), surpassing that of construction, its traditional field.

Technical inspection: Socotec strengthens its position in Great Britain 21/01/2023

  • By 2022, Socotec has acquired two British players
  • The group employs 2,000 people in the UK
  • The Group is number one in roadworthiness testing in the UK market
  • The technical inspection market is worth around £400 million
  • The company has made 48 acquisitions in six years, including 13 in 2022.
  • Sales outside France increased from 10% to 52%

Studies mentioning this company

The property diagnostics market - France

Other companies mentioned:

  • Acceo
  • Apave
  • Securitest France (SGS groupe)
  • SGS
  • Bureau Veritas BV
  • Socotec

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