Socotec

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

  • Sector Business Services
  • Ownership Majority
  • Turnover EUR 891 M (2020)
  • Date of acquisition 02/2013

Socotec is a global provider of services to businesses and local authorities, contributing to the optimization of their performance by controlling the risks inherent in their activities. With consolidated sales of €904 million (2019 pro forma), a network of 200 establishments in France and a presence in more than 23 countries, the group is a major player in risk prevention consultancy.

Leading player in inspection services for the construction sector

Formed from Bureau Sécuritas which was historically France’s leading building inspection organization, Socotec was established in 1953. The group has always been a leader in France in the construction market, and has developed its skills and activities in the equipment, property, industrial, tertiary and local authority markets, in five areas: Inspection, Technical support, Consultancy, Training and Certification. Within the industrial sector, Socotec delivers technical support and quality monitoring services to industrial projects in the nuclear and oil & gas sectors.

Successful diversification through acquisitions

Socotec has diversified its activities through selected acquisitions in the energy sector with the acquisition of CTE Nordtest in 2010 providing non-destructive testing in the nuclear sector. In July 2012, Socotec acquired the group of companies Sica, Bellême and Kmil which focus on quality control in the oil & gas and energy sectors. They bring to Socotec a worldwide network of inspectors with locations in France, the United Kingdom, Italy, Singapore, China, the United States, Argentina and Nigeria. In December 2012, Socotec developed its certification services in Europe and in Asia with the acquisition of the UK company Certification International Ltd.

Majority shareholder

Cobepa acquired a majority stake in the group through an LBO in February 2013 alongside the fund Five Arrows Principal Investments (FAPI) and management and employees.

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