SPIE passes the 100 mark for bolt-on acquisitions

- 100 bolt-on acquisitions completed since 2006
- turnover of more than €1.5 billion
- an ambitious M&A strategy, firmly anchored in SPIE's business culture

Cergy, September 12^th, 2016 – With the acquisition of the AGIS Fire & Security group, announced on September 1^st , 2016, SPIE completed its 100^th bolt-on acquisition in ten years.

Since 2006, SPIE has spent a portion of its available cash flow each year on a regular stream of medium-sized acquisitions, helping it to broaden the range of services it offers, densify its presence across its network, and reinforce its close relationship with its clients. These “quasi-organic” acquisitions, representing a total turnover of more than €1.5 billion, have made a significant contribution to the Group's growth and results.

SPIE draws on acknowledged expertise in external growth, combining the strong commitment of its local teams with extremely rigorous centralised decision-making processes. Particular focus is placed on outsourcing and evaluating targets, implementing an integration plan, and ensuring a good return on investment.

Over the past ten years, the SPIE Group has become a major player in consolidating the European multi-technical services sector. Positioned on a market which remains highly fragmented, and benefiting from a clear ability to deliver and a high level of free cash flow, SPIE is well placed to continue with this approach and to keep achieving strong bolt-on growth in the future.

Upon the acquisition of AGIS Fire & Security, Gauthier Louette, SPIE Chairman and Chief Executive Officer, in particular stated: "Bolt-on acquisitions represent a powerful driving force for our growth, and a key part of our business model. They are, and will continue to be in the coming years, an essential part of our strategy to strengthen our position as independent European leader."