Information on the Target

Stangl Technik Holding is a leading provider of comprehensive engineering services in Poland and the Czech Republic, specializing in mechanical and electrical technical services for construction projects at all stages. Based in Swidnica, southwestern Poland, the company employs approximately 380 highly skilled workers. In 2021, Stangl Technik reported revenues of €67 million. Previously known as EQOS Energie Česko and EQOS Energie Polska, the firm has undergone a successful transformation since its acquisition by private equity funds, Avallon MBO Fund II and Genesis Private Equity Fund III, in 2018.

The management team, which has been with the company since its establishment in 2010, has transitioned to minority shareholders while playing a pivotal role in the company's growth, helping to build a stable client base and a culture of continuous improvement.

Industry Overview in Poland and the Czech Republic

The engineering services sector in Poland and the Czech Republic has experienced significant growth in recent years, driven by increased investment in infrastructure and real estate projects. Economic trends, coupled with the demand for modernized transportation systems and energy-efficient buildings, have bolstered the need for technical services in the construction space.

The Czech construction market is characterized by a robust demand for both mechanical and electrical installation services, especially as companies prioritize sustainability and energy efficiency. Regulatory changes and government incentives aimed at improving energy performance in buildings further fuel growth in this industry.

In Poland, the construction sector has also seen a surge in activity, with an increasing number of public and private projects underway. The government's focus on infrastructure development, including roads and public facilities, offers a fertile ground for companies like Stangl Technik, which specialize in high-quality technical services.

Overall, both countries are emerging as vital players in the European engineering services market, presenting ample opportunities for companies capable of delivering technical excellence.

The Rationale Behind the Deal

The acquisition of Stangl Technik by SPIE Central Europe GmbH is expected to enhance SPIE's capabilities in providing multi-technical services. It aligns with SPIE's strategic goal of expanding its service offerings and solidifying its position as a strong partner in the Polish and Czech markets.

Additionally, the partnership with SPIE is seen as a means to accelerate Stangl Technik's growth trajectory, allowing it to leverage SPIE's extensive network and resources for regional expansion.

Information about the Investor

SPIE is an independent European leader in multi-technical services related to energy and communications. With a workforce of 48,000 employees, SPIE is committed to fostering energy and digital transformation for its clients. In 2021, SPIE reported consolidated revenues of €6.97 billion and an EBITA of €427 million, underscoring its strong market presence and financial stability.

The company has a track record of strategic acquisitions aimed at enhancing its service portfolio. By acquiring Stangl Technik, SPIE seeks to reinforce its position in the engineering services field across Poland and the Czech Republic, integrating the firm's competencies into its wider operations.

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The acquisition of Stangl Technik represents a strategic move that appears promising for both parties. For SPIE, it is a way to expand its footprint in a vital region while capitalizing on Stangl's established reputation and skilled workforce. This acquisition should facilitate the introduction of innovative service offerings and improved operational efficiencies, particularly as the demand for integrated technical solutions continues to rise.

For Stangl Technik, aligning with a larger, established company like SPIE presents an excellent opportunity for growth. With access to additional resources, technology, and expertise, Stangl is well-positioned to enhance its service delivery and broaden its client base within and beyond the current markets.

Overall, this deal exemplifies the potential benefits of strategic partnerships in the rapidly evolving engineering services market. If executed effectively, this acquisition could set the stage for sustained growth and increased competitiveness for Stangl Technik under the SPIE umbrella.

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