Founders Chris Rasmussen and Jon Scott led a management buyout from Boart Longyear UK to set up ITM, and subsequently conducted a reverse takeover of Soil Instruments in 2002. The Sussex group now manufactures and sells equipment that detects soil and ground movement in civil-engineering and construction projects. It recently won contracts from Network Rail and Terminal Five at Heathrow. Sales have soared 249% a year from £380,000 in 2003 to £4.6m in 2005.
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