SPIE (EPA:SPIE) - SPIE - SPIE acquires TriosGroup in the UK - Total revenue acquired to date ahead of full-year target

Transparency directive : regulatory news

07/11/2016 08:15

Press release

                       SPIE acquires TriosGroup in the UK

           Total revenue acquired to date ahead of full-year target

                  Strong short-term acquisitions pipeline

Cergy, November 7th, 2016 - SPIE, the independent European leader in electrical
and mechanical engineering, HVAC services and energy and communication systems,
announces the acquisition of TriosGroup, a British provider of facility and
property related technical services with  annual revenue over £60 million.

This 7th acquisition to date brings total revenue acquired in 2016 to more than
EUR210 million, ahead of SPIE's stated target of EUR200 million for the full
year. The acquisition of TriosGroup significantly enhances SPIE's capabilities
in the UK technical facility management market and reinforces its geographical
presence and density. It will be accretive as soon as 2016 and is expected to
deliver returns in line with SPIE's proven bolt-on acquisitions track record.

Commenting on the acquisition, Gauthier Louette, SPIE Chairman and CEO, stated:
'With this significant strategic acquisition in the UK, we are already ahead of
our full year target for quasi-organic growth from bolt-on acquisitions. With
an active pipeline, we expect to complete further acquisitions in the
short-term. Capitalising on our long-term external growth expertise and
execution capabilities, we are well poised to deliver strongly on our M&A
strategy, which is a powerful driving force of SPIE's growth model in highly
fragmented markets.'

Originating from a family-owned business established in 1919, TriosGroup has
grown into a UK national provider of technical facilities maintenance services
operating in a broad range of sectors, including commercial, health, leisure
and retail. With approximately 690 employees across five regional offices,
TriosGroup will significantly strengthen SPIE's geographical footprint in the
UK, particularly in the central part of the country.

Benefitting from a long-lasting local presence, SPIE is successfully deploying
its model in the UK and managed to grow its revenue in the country by over 40%
in the past 3 years.

About SPIE

As the independent European leader in multi-technical services in the areas of
energy and communications, SPIE supports its customers to design, build,
operate and maintain energy-efficient and environmentally-friendly facilities.
With 38,000 employees working from close to 600 sites in 38 countries, SPIE
achieved in 2015 consolidated revenues of EUR5.3 billion and consolidated EBITA
of EUR351 million.

Press contacts

SPIE
Pascal Omnès
Group Communications Director
Tel. + 33 (0)1 34 41 81 11
pascal.omnes@spie.com

SPIE
Thomas Guillois
Investor Relations Director
Tel. + 33 (0)1 34 41 80 72
thomas.guillois@spie.com

Brunswick
Agnès Catineau
Tel. + 33 (0)1 53 96 83 84
acatineau@brunswickgroup.com

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SPIE (EPA:SPIE) - SPIE - SPIE acquires TriosGroup in the UK - Total revenue acquired to date ahead of full-year target

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