SPIE signs an agreement for the acquisition of K.E.M. Montage
Expanding service range in Austria, in particular in telecommunication
Ratingen, April 28, 2021 - SPIE, the independent European leader in
multi-technical services in the areas of energy and communications, announces
an agreement for the acquisition of K.E.M. Montage in Austria.
With the acquisition of K.E.M. Montage (K.E.M.), SPIE becomes the leading
player in the Austrian telecommunications infrastructure market and positions
itself well for the considerable market potential in broadband development in
K.E.M. implements projects in telecommunications and transport infrastructure
and is also active in the maintenance of such infrastructure. In particular,
K.E.M. is one of the leading Austrian companies in the field of cable laying
and installation. Founded in 1994, the company employs over 190 people and has
branches throughout Austria. It generated revenue of c. EUR30 million in 2020.
Markus Holzke, Managing Director of SPIE Deutschland & Zentraleuropa,
commented: "We are very pleased to be able to further strengthen our market
position in Austria - particularly in the areas of communications and traffic
technology - and expand into the growing FttX business with Augustin Scheer and
Martin Mairhofer, alongside K.E.M.'s proven management team and 190 highly
Walter Brabant, Managing Director of K.E.M.: "SPIE is a successful group whose
strength will open up further development prospects for K.E.M. With SPIE, my
co-partner Augustin Scheer and I know K.E.M. is in good hands and are very
pleased to have found a responsible partner for our customers, business
partners and employees."
Augustin Scheer and Martin Mairhofer, who will manage the business of K.E.M. in
the future: "With our excellent competence, we as K.E.M. have established a
leading position in the Austrian market. We are very much looking forward to
the joint future with SPIE and the opportunities to further develop and expand
the business in Austria. Together with our outstanding employees, we are
convinced to make a strong contribution."
The closing of the transaction is expected to take place by the end of May 2021
and is subject only to approval by the antitrust authorities.
As the independent European leader in multi-technical services in the areas of
energy and communications, SPIE supports its customers to design, build,
operate and maintain energy-efficient and environmentally-friendly facilities.
With around 45,500 employees and a strong local presence, SPIE achieved in 2020
consolidated revenues of EUR6.6 billion and consolidated EBITA of EUR339
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