Brief: French company SPIE agrees to buy 76 percent of SAR ANLAGENBAU GmbH
28/10/2026 18:10
BRIEF-French company SPIE agrees to buy 76 percent of SAR ANLAGENBAU GmbH Oct 28 (Reuters) - Spie SA SPIE.PA:
SPIE will acquire a 76% stake in SAR ANLAGENBAU GmbH.
SAR ANLAGENBAU's Managing Director and Shareholder Arno Reisinger will co-invest in the business with a stake of up to 24%.
Headquartered in Hausmening, Austria, SAR ANLAGENBAU is a leading provider of electrical engineering and automation solutions.
SAR ANLAGENBAU had revenues of 100 million euros ($111.20 million) for the 2025/2026 fiscal year.
The closing of the transaction is expected to take place beginning of 2027 and is subject to customary closing conditions.
Source text: ID:nGNE5PfcFv
Further company coverage: SPIE.PA
($1 = 0.8993 euros)
(Reporting by Sudip Kar-Gupta)