itmsoil signs investment deal to build on secure foundations for the future

Geotechnical monitoring specialist, itmsoil is to receive investment capital from Rcapital, a leading private investment firm, to drive continued growth in both UK and international markets. 

itmsoil Managing Director Jonathan Scott commented, “We have successfully completed the installation of Crossrail C701 - the biggest monitoring project in the UK - and are continuing to provide solid foundations for our long-standing customers such as London Underground, Network Rail, Thames Water and many private organisations, as well as building new client relationships. The relationship with Rcapital will allow us to continue investing in our brand, deliver improved services to our UK and overseas clients and accelerate our mission to provide the most intelligent, accurate and supportive monitoring service available globally.” 

“In recent years, we have won a number of very prestigious contracts which have rightly required our full attention, but this commitment to our customers meant we have had little time to focus on our own future - now we are ready.  Rcapital were one of a number of potential investors interested in the business but we felt they were the most committed to working with us to secure a successful future, and had the experience, focus and passion to help us to achieve it,” Scott continued.

Matt Swan, Senior Advisor at Rcapital, commented, “itmsoil is highly-regarded by both its customers and competitors.  The injection of new funding represents an exciting opportunity for the business to explore new opportunities to drive growth by providing the global construction industry with exemplary services, new technologies and intelligent data provision.”

Jonathan Scott replaces outgoing CEO Mark Kirkbride.

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For more information, contact Charlotte Waters or Jo Allen at Savvy and Victor, telephone: 01825 763310 or charlotte@savvyandvictor.com / jo@savvyandvictor.com

Editor’s Notes

• itmsoil is a world leader in the design, manufacture and installation of premium quality geotechnical and structural monitoring instrumentation. For more than 50 years, they have played a critical role in major construction projects across the globe including civil engineering, mining, railway and road infrastructures.
• Rcapital is a private investment business that provides turnaround and growth funding to UK companies. 

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