Ethica Corporate Finance advised SOCOTEC Group, an European leader in TIC (Testing, Inspection & Certification), in its expansion in Europe with the acquisition of DIMMS Group, the Italian leader in inspection, measurements and analysis in the infrastructure and Oil & Gas sectors.
The SOCOTEC Group is a leading player in testing, inspection and certification in the construction and infrastructure sector. It generates consolidated revenue of €650 million with 200,000 clients. It has operations in 26 countries, 6,800 employees and over 250 forms of external recognition.
DIMMS Group specializes in site geophysical and geotechnical surveys and laboratory tests and analyses of soil, rock and construction materials. Founded in 1992 by Massimo de Iasi and backed by Xenon Private Equity, today DIMMS employs 280 people and generated revenue of €18 million in 2017
Hervé Montjotin, CEO of the SOCOTEC Group, said: “Following the UK and Germany where we have made five acquisitions since March 2017, Italy will be our fourth European platform. This transaction bolsters our expertise in measurements and analyses, and extends the geographic coverage of our Infrastructure & Energy business line. It is fully in phase with our goal of being the European leader in TIC in the construction and infrastructure sectors by 2020. We are delighted to welcome on board such a talented, entrepreneurial team, which has been led with great success by Massimo de Iasi.”