M&A Deal Summary

SPIE Acquires Correll Group

On December 7, 2023, SPIE acquired renewable energy company Correll Group

Acquisition Highlights
  • This is SPIE’s 1st transaction in the Renewable Energy sector.
  • This is SPIE’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2023-12-07
Target Correll Group
Sector Renewable Energy
Buyer(s) SPIE
Deal Type Add-on Acquisition

Target

Correll Group

Skelton, United Kingdom
Correll Group is a provider of engineering, installation, and maintenance services in the offshore wind sector. The company deploys its expertise in the offshore wind sector all over the world, particularly in Europe (Atlantic, Baltic, and North Sea), the United States, and Taiwan. Correll Group was formed in 2014 and is based in Skelton, United Kingdom.

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Buyer(S) 1

Buyer

SPIE

Cergy-Pontoise, France
Category Company
Founded 1900
Sector Engineering
Employees45,851
Revenue 8.7B EUR (2023)
DESCRIPTION

SPIE provides multi-technical contracting services in France and offers electrical, heating ventilation, air conditioning servicing, and mechanical engineering to end markets. SPIE was founded in 1900 and is based in Cergy-Pontoise.

DEAL STATS #
Overall 8 of 16
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 7 of 15
Country (United Kingdom) 2 of 2
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 ROBUR Industry Service Group

Munich, Germany

ROBUR Industry Service Group is an industrial services company offering, to a diversified customer portfolio, a wide range of services across the full value chain (engineering, installation, commissioning & maintenance) for industrial transformation and processes (notably automation, robotics, electrification) representing around 80% of its revenue. The company also provides maintenance services for offshore and onshore wind turbines representing the remaining 20% of its revenue. ROBUR Industry Service Group is based in Munich, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 J.D. Euroconfort

Cesson-Sévigné, France

J.D. Euroconfort provides a range of services (from design to installation and maintenance) in refrigeration, air conditioning, and professional kitchens to a loyal client base from different sectors such as luxury, healthcare, retail, defense and local authorities. J.D. Euroconfort was founded in 1994 and is based in Cesson-Sévigné, France.

Buy -
Mergr

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