Construction services firm sold by French parent in £43m deal
A construction services business, with a UK base in Urmston, near Manchester, has been acquired in a £43m deal.
SPIE UK has been sold by its French parent, SPIE Group, to London-based M&E specialist Imtech.
SPIE said this represents an excellent strategic fit for SPIE UK, with close alignment of values, vision and mission, especially around people, sustainability and decarbonisation.
It said the integration of SPIE UK and Imtech will create a leading technical services provider, particularly well positioned in strategic markets where the UKwill need to address major challenges.
Imtech is jointly owned by Dalkia and EDF Energy, and is one of the UK’s leading technical services groups, delivering engineering services and decarbonisation solutions for clients in a broad range of sectors including healthcare, defence and technology.
It operates across the UK through its four areas of expertise: mechanical and electrical engineering, technical facilities management, energy services and control systems.
Sylvie Jéhanno, chairwoman and CEO, Dalkia, said: “This acquisition aligns with our strategic objective to expand our UK operations, a core area of growth for Dalkia and will support its ambitious decarbonisation agenda.”
Gautier Jacob, CEO, Imtech Group, said: “I am pleased to warmly welcome SPIE UK employees into the Imtech Group. We are very much looking forward to working together to add more value to our clients and boost our development.”
Rob Goodhew, CEO, SPIE UK, said: “SPIE UK has developed cutting-edge expertise that fully meets the needs of our clients and joining the operations of Imtech UK is a great opportunity for us to capitalise on our strengths and further develop the business.”
Gauthier Louette, SPIE chairman and CEO, said: “After a thorough strategic review of our UK operations, we have come to the conclusion that SPIE UK would enjoy better perspectives under new shareholding, and we are confident that the ownership of Imtech will bring a robust growth to the combined UK businesses.
“We wish well to our British colleagues, who have always shown dedication and resilience over the years.”
SPIE UK has around 1,800 staff.
It generated turnover of around £200m last year.
