SPIE Announces Acquisition of Corporate Software in Switzerland
Deal News | Dec 05, 2024 | Globenewswire
SPIE, a leading European independent multi-technical service provider in the energy and communications sectors, has signed an agreement to acquire Corporate Software AG, a Swiss company specializing in IT service and consultancy, digitalization, and cloud services. Founded in 2011, Corporate Software AG has established itself as a reputable IT solutions provider with significant expertise. The company achieved a revenue of approximately €4 million in the 2024 fiscal year and employs 21 highly qualified professionals. The acquisition is expected to bolster SPIE's presence in Switzerland, particularly in automation, data analytics, and AI-driven solutions, and the founders of Corporate Software AG will remain with the company to support the ongoing development of its activities. The transaction is set to be finalized in the first quarter of 2025, contingent upon standard regulatory approvals.
Sectors
- Information Technology Services
- Energy and Communications Services
Geography
- Switzerland – The acquisition target, Corporate Software AG, is based in Switzerland, and the deal will enhance SPIE's presence in the Swiss market.
- Europe – SPIE operates as a European independent service provider, impacting the regional market dynamics with this acquisition.
Industry
- Information Technology Services – The acquisition of Corporate Software AG, a provider of IT services and consultancy, falls under this industry.
- Energy and Communications Services – SPIE operates in this sector, providing multi-technical services across energy and communications domains.
Financials
- 4 million euros – The total revenue generated by Corporate Software AG in the 2024 fiscal year.
- 8.7 billion euros – The consolidated revenue of SPIE in 2023.
- 584 million euros – The consolidated EBITA of SPIE in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SPIE | Acquirer | Company | A European leader in multi-technical services in energy and communications, SPIE aims to strengthen its Swiss market presence through this acquisition. |
| Corporate Software AG | Target | Company | Founded in 2011, this Swiss company specializes in IT services and consultancy, digitalization, and cloud services, and is being acquired by SPIE. |