Press release
Paris, 5 February 2021
Levine Keszler advises SOCOTEC Group on its acquisition of S2M
The SOCOTEC Group, a leader in risk management in construction and infrastructure, has acquired S2M, thereby strengthening its position in inspection, control and heat treatment in industry.
With 9, 000 experts in construction, infrastructure and industry, the SOCOTEC Group, already a leader in testing, inspection and certification in construction, nuclear power and renewable energies, is strengthening its position in the industrial sector and in the Normandy region with the acquisition of the Le Havre-based company S2M.
Specialising in inspection, technical assistance and heat treatment, S2M was founded in 2005 and has unique strengths in the industrial sector.
With a turnover of more than €5 million and nearly 50 employees, S2M is recognised for its cutting-edge expertise in heat treatment (TTH) of steel, its non-destructive testing (NDT), inspection and monitoring of installations, and its technical assistance services.
S2M’s customers come from the energy (oil and gas, nuclear energy), naval, chemical, aeronautical and agri-food industries.
This merger strengthens the SOCOTEC group’s industrial expertise, which is strongly represented in Normandy with nearly 400 employees spread across the Rouen, Le Havre and Cherbourg areas.
With this acquisition, the SOCOTEC group confirms its commitment to establishing a series of ‘niche expertise’ in inspection, specialised treatment and non-destructive testing in the industrial sector. This unique expertise is sought after from the construction stage through to the operation and maintenance of industrial machinery.
The combination of a range of expertise and turnkey know-how enables the SOCOTEC group to support its customers throughout the entire life cycle of their machinery, particularly in the nuclear, shipbuilding and petrochemicals markets.
Levine Keszler advised the SOCOTEC group on this transaction.
Advisors to the SOCOTEC Group:
Levine Keszler (Nicolas de Courtivron, Pierre Treille, partners, Mickaël Guillemot): legal audit, structuring, contractual and corporate aspects of the transaction
Lintax (Jeannick Moisy): tax audit
Toison & associés (Sophie Brassart and Matthieu Démoulain): social audit
Advance Capital (Olivier Poncin and Mehdi Adyel): financial audit
S2M advisors:
Fidal (Annie Hutyra): contractual and corporate aspects of the transaction
Optia Finance (Nathan Lemarchand): M&A advice
The full press release is attached.
