SPIE to acquire TELBA Group in Germany

Strengthening Information & Communication Services competence

 

Ratingen, April 26th, 2019 – SPIE, the independent European leader in multi-technical services in the areas of energy and communications, has announced its intention to acquire Telba AG and its subsidiaries (TELBA Group) in Germany. SPIE has signed an agreement with the shareholders of TELBA AG with a view to complete the transaction in the second quarter of 2019.

The acquisition of TELBA Group will allow SPIE to strengthen its presence in the German Information & Communication Services market. TELBA Group is one of the leading German companies for technical services in the fields of information, communication and security technology and has a broad and loyal customer base. With around 400 qualified employees, TELBA Group generated total revenues of around €67 million in 2018.

SPIE and the shareholders of TELBA AG have signed an agreement with the view to complete the contemplated transaction by June 2019, subject to the approval of the antitrust authorities.

Markus Holzke, Managing Director of SPIE Deutschland & Zentraleuropa, stated: “We are very pleased to be able to further strengthen our Information & Communication Services competences with the expertise of the employees of TELBA Group. With their know-how, we can further deepen our competences in the areas of information, communication and security technology, especially in solutions for the health sector. As a leader in multi-technical services we will also reach a critical size in this field and an even stronger local presence.”