SPIE completed the acquisition of a 92% stake in ICG Group from HIG Capital.

SPIE, a provider of multi-technical services in the areas of energy and communications, completed the acquisition of a 92% stake in ICG Group, a turnkey service provider for telecommunication infrastructure, from HIG Capital, a private equity firm. Financial terms were not disclosed. "The acquisition of ICG Group enables SPIE to further strengthen its position as a leading player in the deployment of fibre networks and mobile telecommunication infrastructure in Germany, which are very strategic and rapidly growing markets. With its high growth perspectives and very strong level of profitability, we are convinced that the combination of ICG Group with SPIE will be highly value creative," Gauthier Louette, SPIE Chairman and CEO.