Specialist UK geotechnical and structural instrumentation and manufacturing contractor, ITM (Instrumentation, Testing and Monitoring Ltd) has bought Soil Instruments Ltd, a leading international manufacturer of instrumentation equipment.
The deal, concluded in mid-July for an undisclosed sum, will see the companies function as separate operations within a new group structure called ITM-Soil Limited.
“Each company has a strong reputation both in the UK and internationally. They have complimentary products and skills in almost every respect and we feel that merging the two will create an organisation that will meet the challenges of a global market place,” Jon Scott, ITM director, Sales and Commercial said.
ITM originated in 1986, then named Slope Indicator UK, until it was taken over by Boart Longyear Europe. In 1999 Jon Scott and current Production and Technical director Chris Rasmussen concluded a management buyout from Boart Longyear and re-named the company ITM Ltd.
Since the buyout the company has been involved in some high profile contracts including LU‘s Jubilee Line Extension and is currently working on the Heathrow T5, the Dublin Port Tunnel and the Channel Tunnel Rail Link Section 2.
“We aim to expand the contracting business, invest in product development and increase overseas sales, we see the number of jobs increasing over the next year, bringing new opportunities for everyone,” Scott concluded.
