SPIE to acquire a 99% stake in ROFA Industrial Automation.

SPIE, a multi-technical services provider in the areas of energy and communications, agreed to acquire a 99% stake in ROFA Industrial Automation, an industrial services provider. Financial terms were not disclosed. “The acquisition of ROFA strengthens SPIE’s position as a leading player in industrial services in Germany. It represents a significant step forward for SPIE in its largest strategic market and is fully aligned with the Group’s ambition to broaden its range of expertise. The transaction is expected to create substantial value, supported by attractive prospects for growth and profitability," Gauthier Louette, SPIE Chairman and CEO.