SPIE (EPA:SPIE) - SPIE EXPANDS SERVICE OFFERING INTO MULTIPLE UTILITIES AND SUBSTATIONS IN THE UK WITH THE ACQUISITION OF LEVEN ENERGY SERVICES

Transparency directive : regulatory news

23/07/2015 10:03

PRESS RELEASE

SPIE EXPANDS SERVICE OFFERING INTO MULTIPLE UTILITIES AND SUBSTATIONS IN THE
            UK WITH THE ACQUISITION OF LEVEN ENERGY SERVICES

* Acquisition enhances company's share of the Distribution and Transmission
  sector
* SPIE becomes one of the UK's largest woodpole distribution service providers

London, UK - 22 July 2015 - SPIE, the independent European leader in electrical,
mechanical and HVAC engineering services, energy and communication systems, has
today announced the acquisition of Leven Energy Services. This latest move,
which expands SPIE's share of the UK Distribution and Transmission market,
signifies its entry into the Gas, Water and Substation sector and makes it one
of the largest woodpole distribution service providers in the UK by both volume
and resource.

Established in 1996, Leven Energy Services, an independent utilities contractor
supporting Distribution Network Operators (DNO'S), provides a range of
engineering and utility  services including mains replacement, underground
cabling and overhead line management. With sales of £36.6m in 2014, the
company's 139 employees are distributed among its  head office in Manchester and
five satellite depots across the UK.

James Thoden van Velzen, CEO of SPIE UK, comments: "This acquisition is the next
step forward after the creation of SPIE ENS two years ago when we entered into
the power line contracting market. Since then we have been involved in some of
the UKs biggest and most exciting projects - including the recently reported
network renovation with Northern Ireland Electricity. We are looking forward to
developing our reach further and becoming one of the biggest players in the
utility sector.

Leven's strong, recurring client base includes National Grid, Northern Gas
Networks, Electricity North West and Scottish & Southern Energy .With 57% of its
business generated from electricity works, it recently signed an 8-year contract
with Electricity North West for underground cable works up to 33kV. The
remaining 43% of Leven's business is split between the gas and water sectors.

Following SPIE's acquisition of ENS in 2013, the alignment with Leven enables
the company to develop its coverage of the Distribution and Transmission market
in the South of the UK creating strong and sustainable revenue streams, via UK
regulated spend. Investment in the Electricity Infrastructure sector alone is
expected to reach £4.4 billion in 2015-16, an increase of 3% on the previous
year. The industry is forecast to grow at a compound annual rate of 6.5% over
the following five years(1).

SPIE's Managing Director for Industrial Services, Steven Nanda says, "SPIE and
Leven have very similar work ethics and culture, we both place a primary focus
on building long-term relationships with our stakeholders and are committed to
delivering a superior service delivered to the highest standards of Health and
Safety. Introducing Leven into the SPIE portfolio makes perfect sense and
strategically, we are two companies with the same goals in mind."

Stuart Fraser, Managing Director, Leven, adds: "We are all looking forward to
the next chapter in the development of Leven and working alongside SPIE in the
future. This is a wonderful opportunity for everyone involved, including our
independent and combined customers, to benefit from the positive effect of our
collective reach, knowledge and expertise."

The combined entity of SPIE ENS and Leven will be trading as SPIE Distribution &
Transmission.

About SPIE UK

SPIE UK, a subsidiary of SPIE group, the independent European leader in
multi-technical services in the areas of energy and communications, provides
energy, safety and environmentally focused solutions across multi-technical and
support services from initial design, through installation, testing,
commissioning to long term maintenance and facilities management. SPIE UK
employs more than 3000 staff from 31 regional offices throughout the UK.

With more than 38,000 employees working from close to 550 sites in 35 countries,
the SPIE group achieved consolidated revenues of EUR5.22 billion in 2014 and
consolidated EBITA of EUR334 million.

In its "North-Western Europe" segment, with 8,900 employees working from more
than 92 sites, the SPIE group generated revenues of EUR1.21 billion in 2014.

www.spieuk.com
Join SPIE UK's LinkedIn community at http://www.linkedin.com/company/305280

(1)www.ibisworld.co.uk/market-research/electricity-transmission.html

Press contacts

SPIE UK
Renaud Digoin Danzin
Strategy&DevelopmentDirector
Tel. + 44 20 7105 2416 (DDI)
r.digoin@spie.com
www.spieuk.com

onechocolatecommunications
Sue Grant and Charlotte Ward
Tel. +44 (0)20 7437 0227

www.onechocolatecommunications.co.uk

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SPIE (EPA:SPIE) - SPIE EXPANDS SERVICE OFFERING INTO MULTIPLE UTILITIES AND SUBSTATIONS IN THE UK WITH THE ACQUISITION OF LEVEN ENERGY SERVICES

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