The employee buyout of SPIE Batignolles sets the end of a period dominated by the slogan “Our worksite: the world.” The company favours European regional development guided by its success in the electrical and electromechanical areas. This strategic and cultural change will enable its return to solid growth.
Spie Batignolles becomes SPIE, the Group's holding company. It comprises three major subsidiaries: Spie Batignolles (construction activities), Spie Enertrans (energy and rail transport activities), Spie Trindel (electrical engineering and local services).
Having become the most profitable subsidiary, SPIE Trindel consolidates its positions in Germany, Belgium, the Netherlands and Portugal. The acquisition of the French Group Laurent Bouillet, in 1999, broadens its skills in climate engineering, while the acquisition of Matra Nortel Communications Distribution, in 2001, paved the way for its development in new information and communication technologies.
Confined to pipeline projects until that point, SPIE decides to offer a complete range of services to oil and gas operators: the acquisition of Foraid in 2002, followed by the acquisition of Ipedex, enables SPIE to establish a skills hub specialising in assisting operators and maintaining their facilities, from West Africa to the Middle East and South-East Asia.
SPIE’s good results prompt the AMEC Group to exercise its purchase option. Under the name AMEC SPIE, the Group becomes a full subsidiary of the British company AMEC, serving as its “Continental Europe” division, with 25,000 employees, while the construction business (SPIE Batignolles) is sold to its senior managers.
Experiencing difficulties in its business in the United States, while also strategically out of step with SPIE’s position, AMEC agrees an acquisition deal with the investment fund PAI Partners, which is finalised on 27 July 2006. The Group regains its independence and reverts to its original name SPIE to fully dedicate itself to its expansion within Europe.