SPIE (EPA:SPIE) - SPIE - Press release - SPIE signs agreement to acquire Wiegel

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18/06/2021 17:45

Press release

Germany : SPIE signs agreement to acquire Wiegel Gebäudetechnik GmbH
Broadening range of mechanical services

Ratingen, 18 June 2021 - SPIE, the independent European leader in
multi-technical services in the areas of energy and communications, announces
an agreement for the acquisition of Wiegel Gebäudetechnik GmbH in Germany.

Through the acquisition of Wiegel Gebäudetechnik GmbH (Wiegel), SPIE expands
its service range in plant and building technology to include mechanical
expertise, particularly in the areas of heating, cooling and power engineering,
ventilation technology, sanitary engineering and measurement, control and
regulation technology. Wiegel has particular expertise in equipping complex
plant engineering projects, such as in the field of test bench technology for
electric vehicles and in special-purpose buildings such as data centers.
Together with Wiegel, SPIE will be able to offer one-stop-solutions in the
areas of electrics, mechanics and automation.

Founded in 1897, the company is headquartered in Kulmbach in northern Bavaria
and has three other locations in Halle, Stuttgart and Munich. Wiegel employs
around 250 employees and generated revenue of EUR50 million in 2020.

Markus Holzke, Managing Director of SPIE Deutschland & Zentraleuropa: "We are
very pleased to expand our technical expertise especially in the field of
mechanical services and strengthen our market position as a leader in
multi-technical services. Wiegel is an excellent company with an outstanding
reputation on the market, with whom we already have a trusting partnership. We
are very excited to join forces and shape the future, together with Marcus
Raabe, Managing Director, the management team and Wiegel's 250 highly qualified
employees."

Gerd-Dietmar Kohlrusch, Managing Partner of Wiegel: "Wiegel is recognised for
its innovative and complex project solutions for industrial customers. Our
employees work with a high level of expertise and commitment for our
long-standing existing customers. With SPIE, we have found a partner who has a
strong technical passion as well as high quality standards and will continue to
drive the business forward together with our valued employees. I am convinced I
am handing over Wiegel into trustworthy hands."

The closing of the transaction is expected to take place by the end of June
2021 and is only subject to approval by the antitrust authorities.

About SPIE

SPIE is the independent European leader in multi-technical services in the
areas of energy and communications. Our 45,500 employees are committed to
achieving the energy transition and digital transformation alongside our
customers.

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
Consultant relations presse
Tel.+ 33 (0)1 39 53 53 33
heriard@droitdevant.fr

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

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03/11/2023 06:52

SPIE (EPA:SPIE) - SPIE - Press release - SPIE signs agreement to acquire Wiegel

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