Announced

SPIE to acquire LTEC.

Synopsis

SPIE, a company specializing in multi-technical services in energy and communications, agreed to acquire LTEC, an integrator of building automation and building management systems solutions. Financial terms were not disclosed. "Becoming part of SPIE, a renowned international group, will allow us to further develop our expertise in building technology and automation, and to successfully deliver even the most complex projects. It will also open up new opportunities to strengthen our market position and offer competitive services in a dynamic installation market," Tomasz Szolc, LTEC Vice Chairman of the Board.

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