SOCOTEC Group acquires CAG Group

Description

CAG Group is being acquired by SOCOTEC Group, a leading international player in Testing, Inspection and Certification ("TIC") services in the construction and infrastructure sectors in 25 countries. This gives CAG Group a financially strong partner with extensive experience in the TIC market to continue its growth with in the future. SOCOTEC Group purchases the entire majority stake from Gate Invest, the investment fund of the Vermaat family, which thus finalizes its investment in CAG Group. The recent acquisitions of The Inspection House, WAN and Invent highlight CAG Group's buy-and-build strategy in the high-growth energy optimization and building safety markets. With SOCOTEC Group as a new investor, the business can continue its further growth phase.