SPIE to acquire Stangl Technik from Avallon and Genesis Capital.

SPIE, a French company specializing in the fields of electrical, mechanical and climatic engineering, energy and communication networks, agreed to acquire Stangl Technik, a company for mechanical and electrical building technology installation services, from Avallon, an investment company, and Genesis Capital, an independent finance provider. Financial terms were not disclosed. "With our excellent competence, we have achieved a leading position in the Polish and Czech building technology market. We are very much looking forward to joining SPIE and the opportunities to further develop our business in Poland and Czech Republic. We are convinced to make a strong contribution," Martin Horák, Stangl CEO.