Imtech has signed an agreement for the acquisition of SPIE UK for the purchase price of around €50 million ($50m).
The transaction will generate an estimated exceptional loss of around $80m against the Group's annual net income for 2022 and will not have any impact on the adjusted net income. This transaction will have a positive impact on the Group's net debt estimated at around $40m.
The closing of the transaction is expected before the end of 2022, subject to the fulfilment of customary regulatory approvals.
This acquisition aligns with our strategic objective to expand our UK operations
Jointly owned by Dalkia and EDF Energy, Imtech is a leading UK technical services group, delivering engineering services and decarbonisation solutions for clients in a broad range of sectors including Healthcare, Defence and Technology. Imtech operates across the UK through its four areas of expertise; Mechanical and Electrical Engineering, Technical Facilities Management, Energy Services and Control Systems.
The acquisition of SPIE UK will complement and enhance Imtech’s current offering with a range of speciality services in industrial instrumentation, cleanrooms, and life safety solutions. It also supports elements of Imtech’s 2026 strategy including increasing turnover with long-term revenue streams and expanding the business in targeted sectors such as Education, Industry and Infrastructure.
SPIE UK achieved a turnover of £200m in 2021 and has a dedicated workforce that will add a further 1,800 experienced and customer-orientated employees to Imtech.
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
Simone Rossi, CEO of EDF Energy, said: "I welcome SPIE UK into the EDF family. This addition to the Group will provide Imtech with a wider reach to continue supporting its customers’ progress towards net zero."
Sylvie Jéhanno, Chairwoman & CEO of Dalkia, said: "We are delighted to incorporate this company into our business in the UK. 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 of Imtech Group added: "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 of SPIE UK Limited, 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."
