SPIE signs an agreement to acquire Stangl Technik in Poland and the Czech Republic

Published on 15 June 2022

Ratingen, June 15, 2022 SPIE, the independent European leader in multi-technical services in the areas of energy and communications, announces an agreement for the acquisition of Stangl Technik from Polish-based private equity firm – Avallon MBO Fund and Czech-based private equity firm – Genesis Capital. Stangl Technik is a leading player in Poland and the Czech Republic for mechanical and electrical building technology installation services.

With the acquisition of Stangl Technik (“Stangl”), SPIE enters the Polish and Czech market for building technology installation services and strengthens its position as a pure-player for multi-technical services in both countries. As Top 4 in Poland and Top 3 in the Czech Republic, Stangl is a leading player in its markets and has a diversified and long-standing customer base. The range of mechanical and electrical services covers the entire value chain from design, installation to maintenance. 

With local operations in Poland and the Czech Republic, Stangl employs approximately 380 highly qualified employees. Stangl generated revenue of €67 million in 2021. 

Markus Holzke, Managing Director of SPIE Deutschland & Zentraleuropa: "With Stangl, we are gaining a leading player for installation services in mechanical and electrical building technology. This acquisition will allow us to expand our service portfolio and to strengthen our position in multi-technical services in Poland and Czech Republic We are very much looking forward to shaping the future together with the management and the around 380 highly qualified employees of Stangl!"

Martin Horák, CEO of Stangl: "With our excellent competence, we have achieved a leading position in the Polish and Czech building technology market. We are very much looking forward to joining SPIE and the opportunities to further develop our business in Poland and Czech Republic. We are convinced to make a strong contribution."  

The closing of the transaction is expected to take place in July 2022 and is subject only to approval by the antitrust authorities.