ICOP to Acquire Atlantic GeoConstruction Holdings, Expanding Global Reach
Deal News | Feb 25, 2025 | Orrick
I.CO.P. S.p.A. Societ Benefit (ICOP), a notable underground engineering firm listed on the Euronext Growth Milan, has entered into an agreement to acquire Atlantic GeoConstruction Holdings, Inc. (AGH), a leading player in U.S. geotechnical solutions. This acquisition, pivotal for ICOP's IPO-driven expansion strategy, is expected to finalize in April 2025 and represents a significant step in ICOP’s global growth ambitions. By acquiring AGH, ICOP aims to penetrate and establish its presence in the U.S. market, enhancing its capabilities and competitiveness in the specialized foundation engineering sector. The acquisition not only aligns with ICOP's goals to drive sustainable innovation but also enhances its competitive edge on a global stage. Legal advisory services for this cross-border deal are being provided by Orrick.
Sectors
- Engineering
- Construction
Geography
- Italy – ICOP, the acquiring company, is based in Italy and listed on Euronext Growth Milan.
- United States – Atlantic GeoConstruction Holdings, the target company, is based in the U.S., and ICOP aims to enter the U.S. market.
Industry
- Engineering – The article involves companies engaged in specialized foundation engineering, and the acquisition will bolster ICOP's engineering capabilities.
- Construction – The acquisition involves a company, Atlantic GeoConstruction Holdings, which provides geotechnical solutions, a key part of the construction sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| I.CO.P. S.p.A. Societ Benefit (ICOP) | Bidding Company | Company | An Italian underground engineering company, expanding its operations into the U.S. market. |
| Atlantic GeoConstruction Holdings, Inc. (AGH) | Target company | Company | A U.S. leader in geotechnical solutions. |
| Orrick | Legal advisor | Company | Provided legal advisory services to ICOP in the acquisition process. |