SPIE €850 million acquisition of SAG

Overview:

• Spie agreed to acquire SAG from EQT for €850 million. 
• Spie is a French company focussed on electrical and mechanical engineering.
• SAG is a service and system supplier for utilities and telecommunication networks currently owned by private equity firm EQT.
• The transaction will be financed with a bridge loan facility.
• If the deal receives antitrust approval, Spie expects it to complete in the first or second quarter of 2017 

 Anna Kozakova - Journalist