Strengthening its presence in the renewable energy sector, SPIE has finalized an agreement to acquire a majority stake in MBG energy to reinforce its technical capabilities in the rapidly expanding photovoltaic market. This strategic move allows the group to capitalize on a highly favorable regulatory environment, specifically the adoption of the EU Solar Standard within the European Energy Performance of Buildings Directive, which mandates solar installations across the Union. The rationale for the transaction centers on creating significant commercial synergies with the group's existing technical facility management segment in Germany. By integrating a specialized solar EPC platform, the organization expands its multidisciplinary service offering to address the surging demand for sustainable building infrastructure and localized green power generation. The partnership is structured to ensure operational continuity, with the founding management team remaining as minority shareholders to lead the next phase of development. This integration positions the group as a key enabler of the energy transition in the northeastern regional market, facilitating the deployment of large-scale rooftop solar solutions for a diverse industrial and commercial client base.

The transaction values MBG ENERGY at an EV/Revenue multiple of LOGIN.