SPIE (EPA:SPIE) - SPIE - Press release - SPIE announces the divestiture of its operations in Morocco to ENGIE
Transparency directive : regulatory news
21/12/2017 17:40
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Press releaseSPIE announces the divestiture of its operations in Morocco to ENGIE
Cergy, December 21st, 2017 - SPIE, the independent European leader in
multi-technical services in the areas of energy and communications, signed
yesterday an agreement for the disposal of SPIE's Moroccan operations ("SPIE
Maroc") to ENGIE.
SPIE Maroc is a major player on the HVAC, telecommunication infrastructures and
multi-technical maintenance markets in Morocco. With more than 1,000 employees,
the company generated approximately EUR70 million in production in 2016.
This transaction is consistent with SPIE's strategy to focus its activities and
growth on European markets (except for its Oil & Gas division), in which the
market structure and growth dynamics match with the Group's business model. The
closing of the transaction is subject to the approval of Moroccan antitrust
authorities.
Gauthier Louette, SPIE's Chairman and CEO, declared: "Established in Morocco
since the beginning of the 20th century, SPIE has become a leading player on
this market, with a comprehensive range of services. I am convinced that this
combination with ENGIE, which is already very present in Morocco, will enable
SPIE Maroc and its employees to further develop their business and skills under
optimal conditions."
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.
www.spie.com
https://www.facebook.com/SPIEgroup
http://twitter.com/spiegroup
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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