SPIE (EPA:SPIE) - SPIE - Press release - SPIE signs an agreement to acquire WirliebenKabel in Germany

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22/04/2021 17:50

Press release

SPIE signs an agreement to acquire WirliebenKabel in Germany

Strengthening optic fibre roll-out capabilities

Ratingen, April 22nd 2021 - SPIE, the independent European leader in
multi-technical services in the areas of energy and communications, announces
an agreement for the acquisition of WirliebenKabel in Germany.

With the acquisition of the WirliebenKabel Group (the company's name means "we
love cables" in German), SPIE strengthens its capabilities in the optic fibre
broadband network roll-out market (FttX) in Germany. As a general contractor
for broadband development and infrastructures, WirliebenKabel carries out FttX
projects from planning and cable laying to documentation. WirliebenKabel is
headquartered in Zeulenroda-Triebes in Thuringia and is present at ten other
locations throughout Germany. The company employs around 130 highly qualified
employees and generated revenue of EUR25 million in 2020.

Markus Holzke, Managing Director of SPIE Deutschland & Zentraleuropa commented:
"With WirliebenKabel we are gaining a strong team with tremendous expertise in
broadband development. We are very pleased to further expand into the rapidly
growing FttX market with the existing management team lead by Managing Director
Hermann Hertling-Greifeneder as well as Carsten Zipfel and Christoph Kiehm, and
the company's 130 employees. Together with WirliebenKabel, we see ourselves
well positioned for the considerable market potential in broadband expansion
and for the increasing demand for general contractor models, which already
cover the planning phase."

Dr. Dirk Pramann, Managing Director of WirliebenKabel: "WirliebenKabel
implements broadband roll-out throughout Germany with many years of experience,
exceptional expertise and a great deal of passion. As a general contractor for
broadband expansion, the company works for almost all of the larger
telecommunications network operators. I am very pleased to have found in SPIE a
responsible partner for our customers, business partners and employees which,
together with WirliebenKabel, has the right answer ready for future market
developments."

The closing of the transaction is expected to take place by the end of May 2021
and is only 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 around 45,500 employees and a strong local presence, SPIE achieved in 2020
consolidated revenues of EUR6.6 billion and consolidated EBITA of EUR339
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

AGENCE DROIT DEVANT
Philippe Hériard
Press relations consultant
Tel.+ 33 (0)1 39 53 53 33
heriard@droitdevant.fr

www.spie.com
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http://twitter.com/spiegroup

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03/11/2023 06:52

SPIE (EPA:SPIE) - SPIE - Press release - SPIE signs an agreement to acquire WirliebenKabel in Germany

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