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SOCOTEC GROUP MAKES ITS 3RD ACQUISITION IN THE NETHERLANDS AND || Houston and Spring, Texas NDT Services, Oilfield Inspection Services, Ultra Sonic Testing


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SOCOTEC GROUP MAKES ITS 3RD ACQUISITION IN THE NETHERLANDS AND

26.09.2022 – The SOCOTEC Group, an independent trusted third party, working in 25 countries, has significantly strengthened its presence in the Netherlands with its third acquisition within a year, which now represents €45m in total turnover.This summer, SOCOTEC … Seite 1

  • The SOCOTEC Group, an independent trusted third party, working in 25 countries, has significantly strengthened its presence in the Netherlands with its third acquisition within a year, which now represents €45m in total turnover.
  • This summer, SOCOTEC acquired CAG Groep, a company that has been active for over 25 years in the quality management of drinking water, as well as in the energy optimization and safety of buildings.
  • Based in Reeuwijk (between Rotterdam and Utrecht), the company generates a turnover of €22m and employs over 170 engineers and technicians providing expertise in all sectors in the Netherlands particularly for the central government
  • The SOCOTEC Group is now one of the leaders in its sector in this important European territory which must overcome important energy transition or water management challenges given its specific geography and topography.
  • The SOCOTEC Group has now 7 major platforms to underpin its growth: France, UK, USA, Germany, the Netherlands, Italy and Spain.

PARIS and REEUWIJK, Netherlands, Sept. 26, 2022 /PRNewswire/ — CAG, headquartered in Reeuwijk, is an independent and leading TIC company in the Netherlands with a focus on safe and sustainable buildings. CAG Groep has achieved a turnover of €22m in 2021 in the quality management, testing and inspection of drinking water, its historical business (71% of the activity). CAG is a one-stop-shop in the Water safety market and provides a comprehensive range of services in the Energy optimization and Building safety markets to fully unburden clients. CAG has a robust client base in the Water safety market that consists of over 400 clients in a variety of industries. CAG has increasingly focused on larger clients, such as governmental agencies, healthcare institutions and housing corporations.

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Dutch legislation on water quality has been tightened up considerably in recent years, particularly with regard to legionella. CAG is one of the national leaders in the verification of compliance with these regulations and has all the necessary accreditations and its own laboratory, constituting high barriers to entry.

In the water regulatory compliance market, the company has a unique combination of testing and inspection services which echoes with the services developed by SOCOTEC in the UK in the water sector. In the emerging energy efficiency and building safety market, including energy efficiency certification and labelling, CAG is growing rapidly with property owners and managers as a result of increasing legislation in the energy performance of buildings and their resilience, in a country which has set itself the goal of achieving carbon neutrality by 2050 and being amongst the European leaders of the circular economy.

26.09.2022 – The SOCOTEC Group, an independent trusted third party, working in 25 countries, has significantly strengthened its presence in the Netherlands with its third acquisition within a year, which now represents €45m in total turnover.This summer, SOCOTEC … Seite 1

SOCOTEC GROUP MAKES ITS 3RD ACQUISITION IN THE NETHERLANDS AND

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