SPIE SA — M&A Activity 2023

Oct 2, 2023

Press release

SPIE expands its Building Solutions division in the Netherlands with the acquisition of IMI Aero-Dynamiek

Cergy, October 2nd, 2023 – SPIE, the independent European leader in multi-technical services in the areas of energy and communications, announces the acquisition of 100% of IMI Aero-Dynamiek.

IMI Aero-Dynamiek is a Dutch company that contributes to making buildings more sustainable by measuring, validating and optimising HVAC¹ systems. The acquisition of IMI Aero-Dynamiek is an excellent addition to SPIE's current offering and underlines its growth ambition.

With this acquisition, SPIE wants to further strengthen its position in these services and more specifically for the healthcare, bio-lifescience, food and semiconductor sectors.

The 65 employees of IMI Aero-Dynamiek will join SPIE, offering opportunities for training, further development, sharing and gathering knowledge, and discovering new markets and clients. IMI Aero-Dynamiek generated a revenue of around €6 million in 2022.

Lieve Declercq, Managing Director of SPIE Nederland, declared: ″Our added value for clients continues to grow. We are happy to bring in new knowledge and expertise to continue facilitating our clients from A to Z. I am greatly looking forward to welcoming the new colleagues from Aero-Dynamiek. The successful integration with Worksphere has led to a strong positioning in the building-related environment. With the addition of IMI Aero-Dynamiek's specific expertise, we will one step further."

″As a service provider, we fit in well with an organization like SPIE. Our services complement each other perfectly and SPIE's culture and ambitions match ours. We are now becoming part of a company where our core business is even better positioned and can be complemented by multiple services. In the new structure, we can further develop the building installations and grow our business. With great confidence and enthusiasm, I look forward to the future″, added Lennaert de Bokx, Managing Director of IMI Aero-Dynamiek.

¹ heating, ventilation and air-conditioning

About SPIE

SPIE is the independent European leader in multi-technical services in the areas of energy and communications. Our 48,000 employees are committed to achieving the energy transition and digital transformation alongside our customers.

SPIE achieved in 2022 consolidated revenues of €8.1 billion and consolidated EBITA of €511 million.

Contacts

SPIE Pascal Omnès Group Communications Director Tel. + 33 (0)1 34 41 81 11 pascal.omnes@spie.com

SPIE Audrey Bourgeois Investor Relations Director Tel. + 33 (0)1 34 41 80 72 audrey.bourgeois@spie.com IMAGE 7 Laurent Poinsot Tel. + 33 (0)1 53 70 74 77 lpoinsot@image7.fr

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