Spie Boosts Solar Presence with MBG Energy Acquisition

• Spie SA boosts solar presence with 75% stake in MBG energy GmbH, tapping into Germany's photovoltaic market growth.

French energy and communications services provider Spie SA has acquired a 75% stake in German solar installer MBG energy GmbH, aiming to strengthen its presence in the photovoltaic roll-out market. MBG, established in 2018 and based in Berlin, specializes in rooftop solar installations and generated around EUR 15 million in revenue in 2023. The investment will allow Spie to leverage MBG's expertise in line with the EU Solar Standard and potentially create synergies with its technical facility management segment in Germany.

The remaining 25% of MBG energy remains with its management team, who are the company's founders. The financial details of the deal have not been disclosed. This move reflects Spie's strategic focus on expanding its capabilities in the renewable energy sector and capitalizing on the growing demand for solar installations in Germany.

How will Spie SA's acquisition of MBG energy GmbH impact the solar industry?

• The acquisition of MBG energy GmbH by Spie SA will strengthen Spie's presence in the photovoltaic roll-out market, particularly in Germany.
• MBG energy GmbH specializes in rooftop solar installations, which will complement Spie's existing capabilities in the renewable energy sector.
• Spie aims to leverage MBG's expertise in line with the EU Solar Standard, potentially leading to the development of more efficient and sustainable solar projects.
• The investment in MBG energy GmbH could create synergies with Spie's technical facility management segment in Germany, allowing for more integrated and comprehensive services for clients.
• The remaining 25% stake in MBG energy GmbH being retained by its management team indicates a commitment to continuity and collaboration between the two companies.
• This move reflects Spie's strategic focus on expanding its capabilities in the renewable energy sector and taking advantage of the growing demand for solar installations in Germany.