SPIE Group completed the acquisition of OTTO LSE from Equistone.

SPIE Group, a French company specializing in the fields of electrical, mechanical and climatic engineering, energy and communication networks, completed the acquisition of OTTO LSE, a provider of engineering, procurement and construction services for pharmaceutical and biotechnology production facilities and laboratories, from Equistone, a London-based independent investment firm specialized in middle-market and change-of-ownership transactions that invest in manufacturing, engineering, consumer markets, and travel sectors. Financial terms were not disclosed. "With OTTO LSE we continue the development of our expertise in Germany in very attractive markets and we are delighted to welcome the Management and its highly skilled collaborators. This combination will allow to further develop the business and reinforce our market position across Germany," Markus Holzke, SPIE Managing Director and CEO.