SOCOTEC Expands Its Footprint in the US Market with Ninyo & Moore Acquisition

SOCOTEC's Strategic Move: Acquiring Ninyo & Moore

In a significant development in the construction and testing sector, SOCOTEC USA has announced its acquisition of Ninyo & Moore, a respected firm specializing in geotechnical and environmental services. This strategic move is poised to strengthen SOCOTEC's market position and enhance its service offerings in the United States.

A Game-Changer for SOCOTEC USA

Founded in 1986 in San Diego, Ninyo & Moore has earned a strong reputation in its field, providing services such as materials testing, inspection, and environmental assessments. This acquisition, valued at approximately $120 million, enables SOCOTEC to double its size in the U.S., boosting its workforce from 700 to over 1,300 professionals across 16 new offices in key states like California, Texas, Arizona, and Colorado.

SOCOTEC's endeavor aims to tap into the growing demand for environmental and infrastructure services across the nation. With Ninyo & Moore joining the team, SOCOTEC can leverage their extensive knowledge and expertise to offer an even wider array of services to their diverse clientele, which ranges from public institutions to private contractors.

Hervé Montjotin, CEO of the SOCOTEC Group, highlighted the significance of this acquisition as a pivotal aspect of their growth strategy. He stated, "Ninyo & Moore is a perfect fit for SOCOTEC USA. This acquisition complements our existing offerings and strengthens our overall value proposition for customers throughout the United States."

Expanding Presence in the Western United States

Previously well-established in the eastern United States, this acquisition marks SOCOTEC's strategic entry into the western market. By adding 16 offices, SOCOTEC is now positioned to provide comprehensive environmental and infrastructure services across major states in the western region. This geographic expansion is not just crucial for business growth but also signifies SOCOTEC's commitment to ensuring asset integrity and safety across the United States.

New Leadership and Future Plans

Jeffrey Somerlot, a long-time leader within SOCOTEC, will take the reins of integrating the Ninyo & Moore team while also spearheading the newly established Infrastructure and Environment divisions within SOCOTEC USA. Avram Ninyo, the founder of Ninyo & Moore, will assume the role of President of Infrastructure, embracing this new chapter with enthusiasm.

Avram expressed optimism about the merger, stating, "Joining forces with SOCOTEC is an exciting new chapter. It allows us to bring our proven technical expertise to a larger platform and continue expanding our offerings into new geographies."

The Broader Picture

This acquisition not only enhances SOCOTEC's capabilities in geotechnical and environmental services but also contributes significantly to its global strategy. With a combined revenue of over $1.7 billion, the SOCOTEC Group aims to reinforce its presence as a leading independent expert in risk management, compliance, and safety.

SOCOTEC's ambitious 2028 Business Plan aims at accelerating growth and deploying a full range of services across the United States. With a robust workforce, significant infrastructure, and a clear vision for the future, SOCOTEC is set to expand its influence and service offerings across North America.

In conclusion, SOCOTEC’s acquisition of Ninyo & Moore is not just a strategic business move but also a commitment to enhancing service quality and safety in environmental and infrastructure services across the United States. With a focus on leveraging combined expertise and resources, SOCOTEC is poised for remarkable achievements in the ever-evolving landscape of the construction and testing industry.