SPIE Acquires 89% of PIK AG to Strengthen Its Position in Germany

Details of the Acquisition

According to a statement from SPIE, the company has announced the acquisition of 89% of the shares of PIK AG, a company located in Berlin. PIK AG employs about 170 people and focuses on the integration and maintenance of complex audiovisual systems, such as those used in conference rooms and amphitheaters. In 2024, PIK generated a revenue of approximately 42 million euros. The transaction, expected to be finalized in December, is subject to antitrust approval. The remaining 11% of the shares will be retained by the former owner and the management team, with put and call mechanisms included in the agreement.

Strategic Implications of the Acquisition

According to the company, this acquisition is part of a strategy to strengthen its position in the audiovisual systems sector. PIK has a comprehensive portfolio of services ranging from planning to installation and maintenance of audiovisual and lighting technologies. SPIE emphasizes that integrating PIK will allow it to benefit from high technical expertise and a diversified customer portfolio. The current management team of PIK will continue to lead the company, bringing their experience to further develop its business in collaboration with SPIE.

SPIE’s Broader Business Context

SPIE, as an independent European leader in multi-technical services in the fields of energy and communications, sees this acquisition as an opportunity to increase its organic growth. With 55,000 employees, the group is committed to the decarbonization of the economy and responsible digital transformation. In 2024, SPIE achieved a consolidated revenue of 9.9 billion euros and an EBITA of 712 million euros. According to Markus Holzke, Managing Director of SPIE Germany Switzerland Austria, the expansion into critical infrastructure and digital domains supports the company's profitable and sustainable growth.