SOCOTEC Group completed the acquisition of CAG Group.

SOCOTEC Group, a testing, inspection and certification firm, completed the acquisition of CAG Group, a research firm. Financial terms were not disclosed. "With CAG Groep, a risk management specialist in the water sector and building energy efficiency and safety, we have a third strategic pillar in the Netherlands. In 2021, we acquired Hanselman and Inpijn, respectively positioned in construction risk prevention and technical claims management for insurers, and in geotechnical services for large infrastructure projects. With a turnover of €45m and 400 employees, SOCOTEC now has a significant market position in the Netherlands and a real competitive advantage in the construction, real estate and infrastructure sectors, particularly in relation to environmental and energy issues. The scale effect brought by CAG Groep, combined with the quality and entrepreneurial culture of the management team, supports SOCOTEC’s ambition in the Netherlands," Hervé Montjotin, SOCOTEC Group CEO.