SPIE completed the acquisition of a 85% stake in Correll Group.

SPIE, a multi-technical services provider in the areas of energy and communications, completed the acquisition of a 85% stake in Correll Group, an engineering, installation, and maintenance services provider in the offshore wind sector. Financial terms were not disclosed. “The acquisition of Correll Group is a significant milestone for SPIE Oil & Gas Services and its diversification strategy towards renewable energies, in addition to the emblematic contracts previously signed by the Group in the offshore wind sector. Our new name, SPIE Global Services Energy, perfectly highlights this strategic focus and demonstrates the Group's commitment and determination to take a leading role in the global transition towards low-carbon energy,” Christophe Bernhart, SPIE Managing Director of Oil & Gas Services.