EY M&A advised Eiffage Énergie Systèmes on the acquisition of a majority stake in Salvia Group GmbH

Eiffage Énergie Systèmes (EES), a division of the listed French construction conglomerate Eiffage Group (€20.3 billion total revenues in FY 2022), has signed an agreement to acquire 51% of the shares in Salvia Group GmbH, a Germany-based specialist in technical building services. As part of the transaction, EES has agreed purchase options with the founder of the company to acquire further 29% of the shares in Salvia Group. The purchase and shareholder agreements were successfully signed on October 17, 2023. Deal closing is expected for beginning of 2024.

With this acquisition, EES significantly expands its existing presence in Germany (consisting of Elomech, Schwartz & Grantz and NAT) and becomes one of the top players in the German market. EES is expanding its services portfolio to strengthen its expertise and to confirm its role as a leading multi-technical full-service provider in Europe.

With revenues of approximately €350 million in 2022, Salvia Group is present in Germany with more than 1,600 employees at 28 locations (distributed throughout the country) and specializes in electrical, energy and HVAC engineering. In addition, the Company is active in the segments of building automation, engineering & design as well as services & maintenance. Salvia Group has expanded over the last few years through organic and inorganic growth.

EY’s German M&A team advised EES on deal strategy, preparation and execution as financial buy side M&A advisor.

The project was carried out by M&A professionals Stephan Hellmann (Partner, EY Germany), Daniel Blum, Alan Khalaf (Manager, EY Germany) and Tobias Schlichthärle (Consultant, EY Germany). The deal team was complemented by EY’s subject matter experts Stephan Biallas (Partner, EY Germany) and Mario Fäh (Managing Director, EY etventure).