SPIE signs an agreement for the acquisition of Lück Group in Germany

Ratingen, April 18th, 2017 – SPIE, the independent European leader in multi-technical services in the areas of energy and communications, signed an agreement for the acquisition of Lück Verwaltungs GmbH (“Lück Group”), a German specialist in building technology services on April 13th, 2017.

Established in 1965 and headquartered in Lich-Langsdorf and Gießen, Lück Group is a provider of holistic building technology services with a strong focus on data centre solutions. The company provides a complete range of services, from design and consulting, through installation and maintenance of HVAC, electro-technical, security and communication solutions. With 1,000 employees working from 18 locations in 6 German Länder, Lück Group generated a production of approximately €130 million in 2016.

With the acquisition of Lück Group, SPIE will expand its mechanical and electrical services capabilities in Germany, while further densifying its network and strengthening its position as a major technical services provider in this country.

The closing of the transaction is expected to take place by the end of May 2017, subject to the approval of German antitrust authorities.

Markus Holzke, Managing Director of SPIE GmbH declared: “Lück Group will allow us to expand significantly our expertise in mechanical and electrical services in Germany. We will benefit from its high-quality customer base and its strong geographical footprint. Together with the employees and managers of Lück Group, we will make further progress in our continued development in Germany, a key market for SPIE.”

Ingo Lück, Managing Director of Lück Group, added: “SPIE shares Lück Group’s management culture and corporate philosophy and will provide us with the conditions for personal development and business growth in the future. Together, we will pursue our growth targets in good cooperation with SPIE GmbH.”