SPIE (EPA:SPIE) - SPIE completes the acquisition of SAG
Transparency directive : regulatory news
03/04/2017 08:30
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Press release
SPIE completes the acquisition of SAG
Cergy, April 3rd, 2017 - SPIE, the independent European leader in
multi-technical services in the areas of energy and communications, has
completed on March 31st, 2017 the acquisition of the SAG Group ("SAG"),
following the approval of the European antitrust authorities.
With the acquisition of SAG, the German leader in energy infrastructure
services, SPIE strongly accelerates its strategic development in Germany &
Central Europe, and becomes a diversified, leading technical services provider
in this region.
Gauthier Louette, Chairman and CEO of SPIE, declared: "We heartily welcome
SAG's 8,000 employees within the SPIE Group. We are very pleased that this
acquisition has come to fruition as we have had interest in SAG for a long
time. SPIE and SAG share very similar values and culture and the combination of
both groups will give us a new dimension in Germany and Central Europe."
The acquisition is financed by a EUR600 million bond issue, with a 7-year
maturity and a 3.125% coupon. The placement of this bond, on March 15th, 2017,
was met with a large success, notably among German investors.
With pro forma revenue of EUR6.5 billion and close to 46,000 employees in 2016,
the combination of SPIE and SAG establishes a major, truly pan-European leader
in technical services.
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 2016 consolidated revenues of EUR5.1 billion and consolidated EBITA
of EUR352 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