European multi-technical services leader SPIE has announced the signing of an agreement to acquire SGS Industrial Services Group, a move set to significantly expand its industrial services capabilities in Germany. The acquisition strengthens SPIE’s value chain, particularly in electrical and mechanical installations for power facilities and industrial plants.
SPIE, a prominent European player in energy and communications services, is set to enhance its footprint in the German industrial sector through the acquisition of SGS Industrial Services Group. Headquartered in Austria but primarily operating in Germany, SGS Industrial Services boasts a team of around 800 skilled employees. This strategic move is designed to deepen SPIE’s value chain and broaden its service offerings, with a particular focus on the electrical and mechanical installation of power facilities and industrial plants.
SGS Industrial Services brings considerable expertise across various sectors, including energy and logistics, along with a well-established and diverse client base. This acquisition is anticipated to create significant cross-selling opportunities within SPIE’s existing industrial customer portfolio, especially following recent integrations and announcements. In 2025, SGS Industrial Services reported revenues of approximately €180 million with profit margins slightly above 10%. The transaction is structured with a high single-digit EBITA multiple and is projected to enhance SPIE’s adjusted earnings per share from the first year of consolidation. The acquisition will be financed through existing financial resources, maintaining SPIE’s robust financial policy.
Markus Holzke, Managing Director of SPIE Germany Switzerland Austria, expressed confidence that the acquisition positions SPIE strongly to capitalize on growth opportunities in Germany, fueled by the energy transition and infrastructure investments. Werner Griesmaier, founder of SGS Industrial Services, stated his belief that SPIE will provide stability and new opportunities for both customers and employees. The experienced management team of SGS, including Andreas Hofinger, Christian Gittmaier, and Sandra Ponsold, will continue to lead the operational business. The transaction is subject to antitrust approval and is expected to be finalized by the end of June 2026.
SPIE is a leading European provider of multi-technical services in energy and communications. With a workforce of 55,000 employees, the company supports its clients in navigating the energy, digital, and industrial transitions. In 2025, SPIE Group achieved consolidated revenues of €10.4 billion and consolidated EBITA of €793 million.