AI assistant
SPIE SA — M&A Activity 2021
Oct 12, 2021
1681_iss_2021-10-12_a10fd0e0-c7e6-4dc7-b826-d834610b00b7.pdf
M&A Activity
Open in viewerOpens in your device viewer
Press release
SPIE withdraws from the EQUANS acquisition competitive process
Cergy, October 12th , 2021 – SPIE, the European independent leader in multi-technical services in the areas of energy and communications, today announces its withdrawal from the EQUANS acquisition competitive process.
SPIE submitted a non-binding offer for the acquisition of EQUANS on September 6th, 2021 and was subsequently selected by the seller to participate in the due diligence phase.
SPIE considers that the information made available as part of this ongoing due diligence phase is not sufficient to allow the Company to prepare, within the defined timeframe, a binding offer that meets its standards and objectives.
As a consequence, and despite the strategic rationale of the project, SPIE decided to stop all related workstreams and will not submit any offer at the end of this due diligence phase.
About SPIE
SPIE is the European independent leader in multi-technical services in the fields of energy and communications. Our 45 500 employees are committed with our customers to the success of the energy transition and digital transformation.
In 2020, SPIE generated a consolidated production of 6,6 billion euros and a consolidated EBITA of 339 million euros.
Press contacts
SPIE Pascal Omnès Group Communications Director Tel. + 33 (0)1 34 41 81 11 [email protected]
SPIE Thomas Guillois Director of Investor Relations Tel. + 33 (0)1 34 41 80 72 [email protected]
HAVAS Paris Aliénor Miens Tel. +33 (0)1 57 77 96 74 [email protected]
www.spie.com https://www.facebook.com/SPIEgroup http://twitter.com/spiegroup