Press release - SPIE - Closing of the acquisition of OTTO LSE
16 August 2024 - 3:53PM
UK Regulatory
Press release - SPIE - Closing of the acquisition of OTTO LSE
Cergy, 16 August 2024 –
SPIE, the independent European leader in multi-technical
services in the areas of energy and communications, announces the
closing of the acquisition of c.87% of Otto Life Science
Engineering GmbH in Germany. Following the initial
announcement made on July 17th, 2024,
the regulatory approvals (including the German antitrust authority)
have been received and all suspensive conditions have been lifted
in their entirety.
Headquartered in Nuremberg in Bavaria, OTTO LSE
was founded in 2017 and operates from 6 offices across Germany. The
company is a specialised provider of EPC services (Engineering,
Procurement and Construction) for pharmaceutical and biotech
production facilities and laboratories. OTTO LSE has a unique
selling proposition with its turnkey solutions and has a solid
project track record in the sector. The company covers the entire
value chain (from planning, designing, delivering to re-qualifying)
with outstanding skills and unique know-how providing for high
added value solutions in process design, pure media, clean room,
building technology management, dedicated to a first-class client
base. Active in a very dynamic market and focusing on high added
value solutions, OTTO LSE delivers a very high and recurring level
of profitability (above 20% EBITA margin).
The revenue generated by the company in 2023 was
close to €75 million with c.140 highly skilled employees.
With this acquisition SPIE will reinforce its
presence in the attractive and dynamic pharmaceutical and biotech
sectors.
- Press release - SPIE - Closing of the acquisition of OTTO
LSE
Spie (TG:4SP)
Historical Stock Chart
From Nov 2024 to Dec 2024
Spie (TG:4SP)
Historical Stock Chart
From Dec 2023 to Dec 2024