SPIE (EPA:SPIE) - SPIE - Press release - SPIE to acquire Cimlec Industrie in France

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20/06/2019 08:00

Press Release

SPIE to acquire Cimlec Industrie in France Strengthening Industrial Services
offering in France

Cergy, June 20th, 2019 - SPIE, the independent European leader in
multi-technical services in the areas of energy and communications, has entered
exclusive talks to acquire Cimlec Industrie S.A.S. and its subsidiaries
(Cimlec) from Gorgé Group in France.

The acquisition of Cimlec would enable SPIE to strengthen its service offering
for the industrial sector in France. Cimlec is a recognized provider of
electrical, automation and robotic solutions. Its range of services include
design, assembly, installation and maintenance for a loyal and diversified base
of industrial customers. With around 310 qualified employees, Cimlec generated
total revenues of around EUR42 million in 2018.

SPIE and the shareholders of Cimlec aim to complete the contemplated
transaction by July 2019, after having consulted employee representative
bodies.

Olivier Domergue, Managing Director of SPIE France, stated: "We are very
pleased to have the opportunity to reinforce our Industrial Services
capabilities, particularly in the field of robotics, with the expertise of the
employees of Cimlec. Their know-how will enable us to provide our customers
with even more value-added services to assist them in their development by
enhancing significantly our competencies in robotics and automation. As a
leader in multi-technical services we will also reach a critical size in the
field of industrial services and an even stronger local presence."

Raphaël Gorgé, President and Managing Director of Gorgé Group, added: "
Cimlec is one of the oldest subsidiaries of Gorgé Group, and I am happy with
this operation that will give a fresh impulse to Cimlec and its team. I am
deeply convinced that the complementarities between SPIE and Cimlec's
operations will foster its growth. "

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 to acquire Cimlec Industrie in France

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