- SPIE to acquire SGS Industrial Services, adding ~800 employees.
- SGS reported ~€180M revenue in 2025 with margins slightly above 10%.
- Deal valued at an EBITA multiple in the high single digits, self‑financed and forecast to be EPS‑accretive from year one.
- Transaction expected to close by end of June 2026, subject to competition approval.
Transaction overview
SPIE has signed an agreement to acquire SGS Industrial Services to expand its industrial services footprint in Germany and extend its value chain.
Target profile
SGS Industrial Services is based in Dorf an der Pram, Upper Austria, operates primarily in Germany and employs about 800 staff deployed for project needs; it has sector expertise in energy and logistics and a diversified customer base.
Financial terms
SGS recorded approximately €180 million revenue in 2025 with margins slightly above 10%; the transaction is priced at an EBITA multiple in the high single digits, is self‑financed, and is expected to be EPS‑accretive from the first year of consolidation.
Integration and timing
The existing management team (Andreas Hofinger, Christian Gittmaier, Sandra Ponsold) will continue to run operations; the deal builds on recent integrations (Robur) and a signing with ROFA and is expected to close by the end of June 2026, subject to competition authority approval.
