Portfolio news Socotec

Socotec is a global provider of services to businesses and local authorities controlling the risks inherent in their activities.

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07 Jan '25

SOCOTEC US Doubles in Size with Transformative Acquisition of Ninyo & Moore

Our portfolio company SOCOTEC, the global leader in testing, inspection, and certification (TIC), has announced the acquisition of Ninyo & Moore, a $120 million geotechnical and environmental engineering firm based in San Diego, California. This acquisition doubles the size of SOCOTEC US, expanding its workforce to over 1,300 professionals and enhancing its presence in key western states, including California, Nevada, Arizona, Colorado, Texas, and Utah. This marks one of the most transformative acquisitions for SOCOTEC since Cobepa became a majority owner in 2013, reflecting its continued commitment to ambitious growth and market leadership.

Strengthening SOCOTEC’s Presence and Expertise in the US

The addition of 16 offices and 700 employees from Ninyo & Moore complements SOCOTEC’s established footprint in the eastern U.S., making it a nationwide leader in the TIC industry. With expertise in geotechnical engineering, environmental services, materials testing, and industrial hygiene, Ninyo & Moore’s proven technical capabilities perfectly align with SOCOTEC’s strategic vision. This acquisition positions SOCOTEC to deliver a broader range of innovative solutions to clients across public and private sectors, including schools, hospitals, utilities, and developers.

A Strategic Step Toward Global Leadership

SOCOTEC’s acquisition of Ninyo & Moore aligns with its 2028 Business Plan to become the leading independent third-party expert in asset integrity and safety worldwide. By integrating Ninyo & Moore’s specialized expertise into its service offerings, SOCOTEC strengthens its ability to address complex infrastructure challenges and environmental concerns, providing cutting-edge solutions for the life cycle of built assets.