Rcapital gets behind instrumentation and monitoring specialist.
Rcapital, the London-based turnaround investor has signed agreements with itmsoil, the instrumentation and monitoring specialist group. The agreements will see Rcapital invest in the business to drive continued growth in itmsoil’s businesses.
Headquartered in Uckfield, East Sussex, the instrumentation and monitoring specialist group designs, manufactures and installs geotechnical and structural monitoring instruments for use on major civil engineering, mining and railway projects around the world.
itmsoil has been involved in projects including New York City’s $7.2bn tunnel link project and Crossrail, Europe’s largest civil engineering project.
itmsoil employs in excess of 100 staff in the UK and sells its instrumentation and services through a network of distributors and agents worldwide.
Rcapital has worked with a number of major brands in the past, including another instrumentation and monitoring business Plowman Craven in which it invested back in 2009.
itmsoil is a world leader in the design, manufacture, installation and monitoring of premium quality geotechnical and structural monitoring instrumentation. For more than 50 years, it has played a critical role in major construction projects across the globe including civil engineering, mining, railway and road infrastructures.
“Rcapital was one of several of investors interested in the business. We chose them because we felt they had the sector experience, skills and passion to help us achieve our ambitions.”
Jonathan Scott, itmsoil Managing Director