Fri, 28 Oct 2022 | BUSINESS SALE
Construction services business SPIE UK, the UK subsidiary of French firm SPIE Group, has been sold to UK mechanical and engineering (M&E) specialist Imtech in a deal worth £43.4 million. SPIE UK, which operates from its base in Urmston, near Manchester, generated turnover of around £200 million last year.
SPIE UK is one of the UK’s top 10 M&E firms, providing a range of speciality services in clean rooms, industrial instrumentations and life safety solutions. The business has a staff of around 1,800, which will add to Imtech’s existing headcount of around 2,100.
SPIE said that the sale represented an excellent strategic fit, with SPIE UK closely aligned with Imtech’s values and vision on issues such as decarbonisation and sustainability. The group said the integration would create a leading technical services firm that would be well positioned in several key UK strategic markets.
Imtech, which is owned by EDF Energy and Dalkia, said that the deal would contribute to its goal of expanding its operation in key sectors including infrastructure, industry and education.
Commenting on the acquisition, Dalkia chairwoman and CEO Sylvie Jéhanno said: “This acquisition aligns with our strategic objective to expand our UK operations, a core area of growth for Dalkia and will support its ambitious decarbonisation agenda.”
Rob Goodhew, SPIE UK CEO, commented: “SPIE UK has developed cutting-edge expertise that fully meets the needs of our clients and joining the operations of Imtech UK is a great opportunity for us to capitalise on our strengths and further develop the business.”
SPIE chairman and CEO Gauthier Louette added: “After a thorough strategic review of our UK operations, we have come to the conclusion that SPIE UK would enjoy better perspectives under new shareholding, and we are confident that the ownership of Imtech will bring a robust growth to the combined UK businesses.”
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