SPIE (EPA:SPIE) - SPIE - Press release - SPIE signs an agreement to acquire Christof Electrics

Transparency directive : regulatory news

01/04/2019 17:45

Press Release

SPIE signs an agreement to acquire Christof Electrics
Establishing SPIE on the Austrian market

Ratingen, April 1st, 2019 - SPIE, the independent European leader in
multi-technical services in the areas of energy and communications, announced
today that it has signed an agreement for the acquisition of Christof Electrics
GmbH & Co KG ("Christof Electrics") in Austria.

The acquisition of Christof Electrics will enable SPIE to offer an important
part of its service portfolio to the Austrian market.

Christof Electrics offers complete solutions in the fields of electrical
engineering, measurement, control and regulation technology as well as
automation. The firm enjoys an excellent reputation on the market and has
long-standing business relationships with a broad and loyal customer base in
the energy, industry and the public sectors. The company employs 154 people and
generated revenue of approximately EUR36 million in 2018.

Markus Holzke, Managing Director of SPIE Deutschland & Zentraleuropa, stated:
"With the acquisition of Christof Electrics, we sustainably establish the SPIE
brand on the Austrian market. Like SPIE, Christof Electrics has a strong focus
on long-term business relationships with a broad customer base and the further
development of highly qualified specialists for technical services. We are
delighted to continue the success story together with the employees and
executives of Christof Electrics."

Stefan Christof, CEO of Christof Holding AG, added: "We are very pleased to
have found in SPIE a responsible partner for our customers, business partners
and above all for our employees. SPIE is a successful group whose strength
opens up new development perspectives, especially for the workforce. With SPIE,
we know Christof Electrics is in good hands."

The final closing of the transaction is expected by May 2019 and is subject to
approval by the antitrust authorities.

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 more than 46,400 employees and a strong local presence, SPIE achieved in
2018 consolidated revenues of EUR6.7 billion and consolidated EBITA of EUR400
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
www.brunswickgroup.com

www.spie.com
https://www.facebook.com/SPIEgroup
http://twitter.com/spiegroup

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SPIE (EPA:SPIE) - SPIE - Press release - SPIE signs an agreement to acquire Christof Electrics

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