• Press release - SPIE announces the acquisition of the companies ABC, ETC and SIRAC (GIE HORUS) in France

    Source: Nasdaq GlobeNewswire / 24 Jul 2024 10:43:00   America/Chicago

    Cergy, July 24th, 2024 - SPIE, the independent European leader in multi-technical services in the areas of energy and communications, announces the signing of an agreement to acquire 100% of ABC, ETC, and SIRAC, leaders in non-destructive testing and inspections in the nuclear industry.

    Grouped under the GIE1 HORUS, the three companies ABC, ETC, and SIRAC are leaders in the market for non-destructive testing and inspections in the nuclear industry (radiographic, ultrasonic and penetrant testing, as well as magnetic particle inspection) and operate throughout France with over 300 qualified employees. Altogether, the three companies generated nearly 35 million euros of revenue in 2023.
    With this acquisition, SPIE expands its expertise in nuclear site maintenance. The anticipated development of new nuclear reactors (EPR2) and the extension of the lifespan of existing plants will result in sustained growth in inspection and maintenance activities over the coming decades.

    Arnaud Snykerque, managing director of SPIE Nucléaire, declared: “With this acquisition, SPIE Nuclear is reinforcing its long-term partnerships with major players in the nuclear sector, supported by the expertise of its highly qualified team. Leading the market in non-destructive testing and inspections, these three companies are key players in the French nuclear sector, which is undergoing significant transformation and offers a very promising future. Their activities complement those of SPIE and have a profile of recurring, profitable growth. As a result, we will be able to jointly address the challenges of the renewal of the nuclear industry in France alongside our key clients.”

    Fabien Truchi and Géry Bogaert, managing directors of GIE HORUS, declared: “We are very pleased to join SPIE, a key player in the nuclear sector in France. SPIE is the best partner of its kind in this domain but also in the industrial sector, to pursue our development. We do share the same values and give the same priority to all our female and male collaborators, to the performance of our services, to the safety and security, as well as the continuous development of everyone’s skills.”

    About SPIE

    SPIE is the independent European leader in multi-technical services in the areas of energy and communications. Our 50,000 employees are committed to achieving the energy transition and responsible digital transformation alongside our customers.

    SPIE group achieved in 2023 consolidated revenue of €8.7 billion and consolidated EBITA of €584 million.

    Contacts

    SPIE
    Pascal Omnès
    Group Communications Director
    Tel. + 33 (0)1 34 41 81 11
    pascal.omnes@spie.com    		SPIE
    Audrey Bourgeois
    Investor Relations Director
    Tel. + 33 (0)1 34 41 80 72
    audrey.bourgeois@spie.com

    		IMAGE 7
    Laurent Poinsot
    Tel. + 33 (0)1 53 70 74 77
    lpoinsot@image7.fr

     

    SPIE France
    Cécile Michard
    Communications Director
    Tel. + 33 (0)1 34 41 81 95
    cecile.michard@spie.com

    		 

    www.spie.com
    https://www.facebook.com/SPIEgroup
    http://twitter.com/spiegroup

    Disclaimer

    Certain information included in this press release are not historical facts but are forward-looking statements. These forward-looking statements are based on current beliefs, expectations and assumptions, including, without limitation, assumptions regarding present and future business strategies and the environment in which SPIE operates, and involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements, or industry results or other events, to be materially different from those expressed or implied by these forward-looking statements.
    Forward-looking statements speak only as of the date of this press release and SPIE expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements included in this press release to reflect any change in expectations or any change in events, conditions or circumstances on which these forward-looking statements are based. Such forward-looking statements are for illustrative purposes only. Forward-looking information and statements are not guarantees of future performances and are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of SPIE. Actual results could differ materially from those expressed in, or implied or projected by, forward-looking information and statements. These risks and uncertainties include those discussed or identified under Chapter 2 “Risk factors and internal control” in SPIE’s 2023 Universal Registration Document, filed with the French Financial Markets Authority (AMF) on April 5th , 2024, under number D.24-0245 which is available on the website of SPIE (www.spie.com) and of the AMF (www.amf-france.org).
    This press release includes only summary information and does not purport to be comprehensive. No reliance should be placed on the accuracy or completeness of the information or opinions contained in this press release.
    This press release does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction.

    1 GIE : Economic Interest Grouping

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