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Announced

Completed

The SOCOTEC Group acquired Vidaris.

Synopsis

The SOCOTEC Group, a major player in risk management and asset performance optimization, acquired Vidaris, a leading testing, inspection and certification consultancy. Financial terms were not disclosed. “Vidaris aligns well with SOCOTEC’s strategy of partnering with teams of high value‐added services to accelerate our organic- and acquisition-driven growth. We are very excited about this merger as it is another step in our strategy to build the leading international TIC firm in Construction, Building Envelope and Infrastructure, with Vidaris being a monumental stepping stone within the USA,” said Hervé Montjotin, CEO of SOCOTEC Group. “The acquisition broadens the capabilities of SOCOTEC to include consulting, architectural assistance and dispute resolution, services not previously offered, as well as heightens opportunities for cross-selling.”

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