SPIE (EPA:SPIE) - SPIE acquires Buchet in France
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SPIE acquires Buchet in France
Cergy, July 12th, 2018 - SPIE, the independent European leader in
multi-technical services in the areas of energy and communications, has
successfully completed the acquisition of Buchet S.A.S. ("Buchet") in France.
Founded in 1954, Buchet specializes in electrical installation for the
commercial and housing sectors. The company, based in Nice and mainly active in
the Provence-Alpes-Côte d'Azur region, benefits from a strong footprint in a
dynamic local market. The company employs 47 people and generated approximately
EUR13m in revenue in 2017.
Olivier Domergue, Managing Director of SPIE France, commented: "We are
delighted with this acquisition, as Buchet's historical presence in Nice will
enable SPIE to increase and consolidate its service offering in the region."
Léon Buchet, founder of Buchet, added: "We are pleased to join the SPIE group,
with which we share common values based on proximity and long-lasting
relationship with our customers, and we believe that this acquisition will
enable our business to grow further."
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
With more than 46,500 employees and a strong local presence, SPIE achieved in
2017 consolidated revenues of
EUR6.1 billion and consolidated EBITA of EUR388 million.
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