SPIE Ibérica was acquired from SPIE

SPIE Ibérica de Mantenimiento SA, based in Barcelona, was acquired from SPIE (European leader in electrical and mechanical engineering with 29.000 employees and sales of €3.75 billion).

With c. 550 employees and €52M sales in 2010, SPIE IBÉRICA is a leading player in the Spanish multi-technical services market. SPIE IBÉRICA serves the needs of clients in both industrial and tertiary sectors, through a comprehensive range of multi-technical services from initial mechanical and electrical design through installations and commissioning to long-term maintenance and facility management.

PHI has the industrial experience and financial strength to support SPIE IBÉRICA’s transition in to a stand-alone company and counts on the management team to further pursue the development of its focused service franchise in the Spanish market.

W ith SPIE, PHI sums its third acquisition in the last 12 months, strengthening its market position as a holding specialized in acquiring companies in special situation as well as non core business divestment of international corporations.