Nord Capital sells Expert Habitat & Industrie to trade

Following the merger, Socotec director Emmanuel de Tinguy will head the construction and retail arm of the group, encompassing Expert Habitat & Industrie Groupe's activities.

The acquisition is the third for Socotec since the beginning of the year, following the acquisitions of UK-based firms Survey Associates and Butler & Young Group.

Inspection, measurement, certification and training specialist Socotec was founded in 1953 and is based in Saint-Quentin-en-Yvelines. The company generates sales of €700m, of which one third is generated outside France. It employs 7,800 people in 25 countries.

Previous funding
Nord Capital invested in Expert Habitat & Industrie in 2016, though the chairman Frédéric Demoulin remained the majority shareholder with 75% of the shares. Nord Capital Partenaires, based in Lille, is co-managed by Crédit Agricole Nord de France and GP Turenne Capital.

Company
Founded in 2004 and based at Arras, Expert Habitat & Industrie is a construction group, specialising in asbestos engineering, project management, air sampling and training.

It operates seven agencies in Arras, the Paris area, Nancy, Annecy, Aix-en-Provence, Bordeaux and Tours. The company generates revenues of €20m and employs 200 people.

People
Company – Frédéric Demoulin (founder, director).

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• Trade sale