Houlihan Lokey Advises ROBUR
Houlihan Lokey is pleased to announce that ROBUR Industry Service Group (ROBUR), the industrial services specialist for digital transformation and ecological transition, has become a part of SPIE Group (SPIE) and thus significantly strengthen SPIE’s range of services in the field of industrial services. The transaction was completed on 15 March 2024.
Headquartered in Munich, ROBUR is an industrial services company offering, to a diversified customer portfolio, a wide range of services across the full value chain (engineering, installation, commissioning, and maintenance) for industrial transformation and processes (notably automation, robotics, electrification), representing about 80% of its revenue. The company also provides maintenance services for offshore and onshore wind turbines, representing the remaining 20% of its revenue.
With 2,600 highly skilled employees and revenues of c. EUR 380 million, ROBUR enjoys a leading position in the German market and achieves attractive organic growth and a high single-digit EBITA margin. ROBUR is also a pioneer in the wind energy maintenance market with operations in Germany and abroad (in the Americas and Southern Europe), supported by a “follow the customer” approach.
With this acquisition, SPIE establishes a strategic position in the German industrial services market, by far the largest of its kind in Europe. It thus allows SPIE to develop and complete its activity portfolio in Germany, strengthening its position as No. 2 in its industry in the country. SPIE will be able to develop potential cross-selling opportunities with an attractive client portfolio (including blue-chip customers). Last but not least, SPIE enters the promising wind energy maintenance market, reinforcing its position as a key enabler for energy transition.
SPIE Group is the independent European market leader for multitechnical services. With more than 48,000 employees, SPIE is committed to a climate-friendly and digital future. In 2022, the company generated a consolidated turnover of c. EUR 8 billion.
Houlihan Lokey served as the exclusive financial advisor to the sellers and assisted in marketing the transaction, managing the transaction process, and negotiating the financial aspects of the transaction on behalf of ROBUR and its shareholders. ROBUR is owned by a group of investors led by Greenpeak Partners.
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