Eight Advisory provided financial and tax due diligence services to SPIE on the acquisition of a majority stake in ICG Group in Germany
SPIE is the independent European leader in multi-technical services in the areas of energy and communications. Its 50,000 employees are committed to achieving the energy transition and responsible digital transformation alongside its customers. SPIE’s positioning and multiple areas of expertise enable to help them in four strategic markets: Smart city, efficient buildings, Energy and Industry services.
ICG Group, based near Stuttgart, operates in Germany in the telecommunication infrastructure (fibre and 5G networks) sector, covering the entire value chain to provide turnkey services to its customers, such as network operators, infrastructure providers and municipalities. SPIE has acquired approximately 90% of the German company’s share capital. The management of ICG Group, who will remain in place, retains the remaining shareholding.
“We are delighted to have supported SPIE in this transaction, which will enable it both to strengthen its position in the fibre market, especially in Germany, a large European market with untapped deployment potential, and to enter the 5G mobile telecoms infrastructure market”, said Michael Wahl, Partner at Eight Advisory.
Eight Advisory team members supporting on this transaction:
- Financial Due Diligence: Michael Wahl, Partner, Florian Mühl, Senior Manager, Ismail Kacmaz, Manager, Danka Ruzic, Manager
- Tax Due Diligence: Matthias Hogh, Partner, Frank Wallbott, Director, Jan Linnemann, Manager and Tamer Aydemir, Senior