Spie

What Spie does

SPIE SA is the independent European leader in multi-technical services, headquartered in Cergy Pontoise, France, and listed on Euronext Paris since its 2015 IPO. The company designs, installs, and maintains technical infrastructure for energy, communications, industrial, and building clients across 15+ countries, organized around four strategic markets: Industry Services, Smart City, Energies, and E-fficient Buildings. Service lines span electrical and mechanical installation, telecommunications and fiber infrastructure, technical facility management, wind and renewable energy maintenance, cybersecurity, and digital transformation services — with proprietary platforms including SMART FM 360° (AI-enabled facility management), AI Hub (a generative AI platform developed by SPIE ICS integrating Mistral models with agent cascades), and IoT/Data Management offerings. Customers include EDF, Tesla, Commerzbank, Johnson & Johnson, Merck, and the American Hospital of Paris, with multi-year contracts (e.g., six-year Commerzbank TechFM deal) anchoring recurring revenue.

SPIE generates revenue primarily through project-based contracts and long-term managed service agreements, with FY2025 revenue of €10.38 billion and EBITDA of €793.5 million (7.6% EBITA margin), up 11.4% year-on-year. The go-to-market is enterprise field sales targeting large organizations, supported by country-level subsidiaries in France, Germany, Switzerland, Austria, Belgium, Netherlands, Poland, Slovakia, Czech Republic, and Australia. Free cash flow reached an all-time high of €570M in 2024, and the company carries a BBB- (Fitch) / BB+ (S&P) credit profile with €600M of sustainability-linked financing capacity following a May 2026 oversubscribed bond placement.

The business model is consolidating through an aggressive bolt-on M&A program: 2024–2026 has seen acquisitions of ICG Group, Otto Life Science Engineering, Spefinox, ABC/ETC/SIRAC, Cyqueo, Artemys, PIK AG, Worley Power Services (Australia), INVIZO, BLOCK Group, SGS Industrial Services, and ROFA Industrial Automation — the latter four alone adding approximately €667M of annualized revenue. 49% of 2024 revenue is EU taxonomy-aligned, reflecting positioning around energy transition and digital infrastructure. Leadership transitioned in April 2026, with Markus Holzke replacing Gauthier Louette as CEO after Louette's nearly 23-year tenure, and Patrick Jeantet appointed as non-executive Chairman, separating the Chairman and CEO roles.

Name

Spie

Legal name

SPIE Operations

Website

https://spie.com

Company type

Public

Founded year

1900

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

SPIE is the independent European leader in multi-technical services, designing, installing, and maintaining technical infrastructure for energy, communications, industrial, and building clients across 15+ countries. It serves large enterprises including EDF, Tesla, Commerzbank, and Johnson & Johnson via project contracts and long-term facility management agreements.

Ownership category

akta.pro rank

Product category

Multi-Technical Services for Energy and Communications

NAICS

Computer Systems Design and Related Services (54151)

SIC

Services-Facilities Support Management Services (8744), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Auxiliary Systems EPC (Station Service, HVAC, Fire Protection, Security) (EUAEADAK)

akta.pro secondary industries

Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC), SCADA, Controls & Communications Integration (RTU, Fiber, Networking) (EUAEADAD), Governance, Risk & Compliance (GRC) Managed Services (BPAEADAJ)

Keywords

• Multi-technical services
• Technical facility management
• Energy infrastructure services
• Telecommunications infrastructure
• Industrial automation services

Headquarters

HQ city

Bern

HQ country

Switzerland

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Multi-technical Services: SPIE generates revenue through comprehensive multi-technical services including design, installation, maintenance, and facility management for energy and communications infrastructure. Revenue exceeds €10 billion annually, with the 2025 full-year results showing record revenue of €10.38 billion and EBITDA of €793.5 million, representing 11.4% growth. Services span across four strategic markets: Industry Services, Smart City, Energies, and E-fficient Buildings.
2. Project-based Services: Revenue generated from specific project contracts including electrical and mechanical installation, construction projects, and infrastructure development. Q1 2026 production was €2,450.3 million, up 1.7% year-on-year at constant FX.
3. Technical Facility Management (TechFM): Ongoing technical facility management services for buildings and industrial facilities, including maintenance contracts. Examples include the six-year contract for Commerzbank's service centre in Frankfurt and multi-year maintenance contracts with Johnson & Johnson in the Netherlands and Belgium.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

SPIE is the independent European leader in multi-technical services, designing, installing, and maintaining energy, communications, and industrial infrastructure for enterprise clients. Its offerings span technical facility management, renewable energy installation and maintenance, telecommunications networks, industrial automation, and digital services (cloud, cybersecurity, IoT, AI). The company delivers these through long-term contracts, project-based engagements, and managed services across more than 15 countries.

Product overview

SPIE is the independent European leader in multi-technical services, offering a comprehensive portfolio of interconnected service offerings across four strategic markets: Industry Services, Smart City, Energies, and E-fficient Buildings. The portfolio includes SMART FM 360° (digital facility management platform), Smart Maintenance (AI-powered predictive maintenance), telecommunications infrastructure, cloud and managed services, cybersecurity services, IoT & data management, augmented reality solutions, and wind energy services. The company recently launched its AI Hub platform for generative AI capabilities across operations. SPIE operates through multiple subsidiaries including SPIE ICS (digital services), SPIE Deutschland, SPIE Switzerland, and others, serving clients in banking, healthcare, energy, transport, and industrial sectors across Europe and internationally.

Differentiator

Problem solved

Functional benefit

Products and services

• Technical Facility Management (TechFM)

Quantifiable outcome

• Record revenue of €10.38 billion in 2025, crossing €10 billion for the first time
• +4 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and strategic.

• EDF Power SolutionscoreStrategic or Co-development Partner · 1 May 2026SPIE Industrie leads a consortium with VALEMO and Services Voltige to provide maintenance for the Saint-Nazaire offshore wind farm, France's first offshore wind farm. The contract, beginning May 2026 for an initial two-year term with option to renew, covers maintenance of foundations for 80 wind turbines and the offshore electrical substation.
• SkyNRGstrategicStrategic or Co-development Partner · 1 May 2026SPIE was awarded a contract by SkyNRG to set up maintenance services for the Netherlands' first dedicated Sustainable Aviation Fuel (SAF) plant at chemical park in Delfzijl. SPIE has been involved in the project for three years advising on design phase and will establish full maintenance organization as construction progresses toward mid-2028 operations.
• TeslacoreStrategic or Co-development Partner · 1 December 2025SPIE signed a three-year renewable European framework agreement with Tesla to deploy Tesla Megapack battery energy storage systems across Europe. SPIE provides engineering, installation, and commissioning services for BESS projects in France, Netherlands, Belgium, Poland, and Germany where SPIE has operational expertise.
• Pipeline Transition Alliance (DORIS, ROSEN Group, SPIECAPAG)strategicStrategic or Co-development Partner · 1 May 2024DORIS, ROSEN Group, and SPIECAPAG formed the Pipeline Transition Alliance to repurpose existing natural gas pipelines for hydrogen transport, supporting energy transition goals.
• Airbus CyberSecuritystrategicTechnology or IntegrationSPIE developed a cybersecurity offering for mid-sized businesses in collaboration with Airbus CyberSecurity, including user awareness services, cybersecurity plan definition and implementation, and a real-time cybersecurity services platform.
• Citrix, Nutanix, NvidiastrategicTechnology or IntegrationFor the ICAM engineering school digital campus project, SPIE ICS incorporated technology from Citrix, Nutanix, and Nvidia to create a new-generation virtual campus platform offering enhanced performance and improved user experience.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Vinci Energies: Vinci Energies is the closest direct peer to SPIE: both are European multi-technical services leaders spanning electrical installation, HVAC, telecom infrastructure, and industrial services for enterprise customers. Same business model (project + recurring maintenance), same four-market vertical orientation (industry, energy, building, telecom), and similar bolt-on M&A strategy.
• Eiffage Énergie Systèmes: Eiffage Énergie Systèmes is a major French-headquartered direct competitor offering multi-technical services in energy, electrical, HVAC, and telecom infrastructure. Highly comparable on customer profile (EDF, French industrials), geographic focus (France + select European expansion), and service portfolio depth.
• Bouygues Energies & Services: Bouygues Energies & Services provides multi-technical services in energy, digital, and industrial markets across Europe, with comparable offerings in facility management, network infrastructure, and energy transition projects. Same French origin and very similar target customer set.
• Bilfinger: Bilfinger is a German-headquartered direct competitor providing industrial services, consulting, and engineering for the process industry, energy, and infrastructure clients. Comparable on German industrial-services core, energy transition exposure, and project-based services model — overlapping meaningfully with SPIE's German segment (~35% of revenue).
• ENGIE Solutions: ENGIE Solutions (including the former Equans and Imtech operations) is one of Europe's largest multi-technical services platforms with overlapping offerings in technical facility management, energy services, and telecom infrastructure. Directly competes with SPIE on French and Benelux enterprise tenders.
• Equans: Equans (the Bouygues-Energies spin-out now within ENGIE group) provides multi-technical services in energy, telecom, and digital across Europe. Closely comparable to SPIE's portfolio across facility management, electrical installation, and smart-city solutions.

Broad incumbents

• ISS A/S: ISS is a global facility services incumbent with significant technical facility management overlap to SPIE's TechFM offering. While broader in scope (also includes cleaning, security, catering) and more outsourced-operations oriented, ISS competes with SPIE for enterprise facility management contracts.
• Schneider Electric: Schneider Electric is a much larger incumbent in energy management and automation that competes with SPIE on smart-building, energy-efficiency, and digital facility management opportunities. Overlap is partial — Schneider is primarily a product/vendor player while SPIE is services-led — but they frequently co-bid on large integrated energy and building projects.
• Siemens Smart Infrastructure: Siemens Smart Infrastructure combines building automation, energy management, and grid solutions at much larger scale than SPIE. Adjacent/overlapping on smart buildings, electrical infrastructure, and IoT-enabled facility services, often as technology vendor to SPIE rather than direct bidder.
• Veolia Environmental Services: Veolia is a broad environmental and energy services incumbent with overlapping facility management, energy efficiency, and district energy offerings. Comparable on large enterprise energy-transition mandates and ESG-aligned services revenue, though Veolia is heavily water/waste-focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/spie
• Xx.com/spiegroup
• Facebookfacebook.com/spiegroup

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries19 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A54 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Spie