SPIE, the independent European leader in multi-technical services in the areas of energy and communications, has signed an agreement with Royal Boskalis Westminster N.V. for the sale of its near-shore cabling activities in Germany.
These activities constitute the major part of the Gas & Offshore division which was acquired with SAG in March 2017 and for which a sale process was initiated shortly thereafter. This disposal is in line with SPIE’s strategic focus on its core business of small, recurring, low-risk multi-technical services contracts.
The transaction was completed in April 2019.
CASE Corporate Finance acted as financial advisor to SPIE.