Spie strengthens in Poland and the Czech Republic with the acquisition of Stangl Technik

PARIS (Agefi-Dow Jones)–Electrical and mechanical engineering specialist Spie announced on Wednesday that it has signed an agreement to acquire Stangl Technik from private equity firms Avallon MBO Fund and Genesis Capital.

Present in Poland and the Czech Republic, Stangl employs around 380 people and achieved a turnover of 67 million euros in 2021.

“With the acquisition of Stangl Technik, SPIE enters the Polish and Czech markets for building technology installation services and strengthens its position as a ‘pure player’ for multi-technical services in these two countries”, underlined the group in a press release.

The closing of the transaction is expected to take place in July 2022. Its amount has not been specified.

-Francois Schott, Agefi-Dow Jones; 01 41 27 47 92; [email protected] ed: ECH

Agefi-Dow Jones The financial newswire

Dow Jones Newswires

June 15, 2022 13:02 ET (17:02 GMT)