SOCOTEC Group completed the acquisition of Tecnolab.

SOCOTEC Group, a construction engineering company, completed the acquisition of Tecnolab, an Italian company that specialized in construction material testing and geotechnical services. Financial terms were not disclosed. "Our development is fueled by strong market dynamics, a solid SOCOTEC Italia platform and helmed by talented people and outstanding management. We are aiming at positioning Socotec Italia as the undisputed leader of testing and inspection services in the Italian Infrastructure and construction markets with cutting-edge know-how and innovative solutions. The current context of significant investments being made by the Italian State in the ageing Italian transportation networks is highly favorable," Hervé Montjotin, SOCOTEC Group CEO.