PALLAS CAPITAL Corporate Solutions has advised the sale of SGS Industrial Services to SPIE

PALLAS CAPITAL Corporate Solutions GmbH provided exclusive advisory services to the shareholders of SGS Group (“SGS”) in the sale to SPIE Germany Switzerland Austria GmbH (“SPIE”), a subsidiary of the Euronext Paris listed SPIE SA.

SGS is a global specialist in the mechanical assembly and electrical installation of industrial plants, with a client base consisting of international corporations. As a recognized “enabler” of the energy transition, SGS brings in-depth expertise in the assembly of power plants and facilities to the SPIE Group. SPIE’s acquisition of SGS is part of a long-term succession plan and the strategic, partnership-based development of SGS. SGS will continue to operate as an independent business unit within SPIE’s “Industrial Services” division, while the proven management team retains operational leadership.

Founded in 2003 and headquartered in Dorf an der Pram (Austria), SGS has grown to become a leading industrial services provider. In 2025, SGS generated revenue of 180 million euros with a workforce of 800 employees. The company carries out projects worldwide from 16 locations, including in Central Europe, the UK, the US, and Australia. The service portfolio includes the installation of highly complex industrial plants for clients in the energy, metallurgy, wood and sawmill, logistics, and environmental technology sectors. Under founder Werner Griesmaier, a sustainable strategy for the future was pursued, which is now being brought to a new global level through the partnership with SPIE.

SPIE is a leading multi-technical service provider in the energy and communications sectors. In the 2025 fiscal year, the group generated revenue of approximately EUR 10.4 billion and employs over 55,000 people worldwide. With the acquisition of SGS, SPIE significantly strengthens its presence in the DACH region and expands its value chain to include specialized mechanical and electrical installation capabilities.

PALLAS CAPITAL has provided comprehensive support throughout all phases of the transaction. The transaction is subject to antitrust approval.

The transaction team at PALLAS CAPITAL Corporate Solutions included Maximilian Baar-Baarenfels, Hans Lassen (Managing Partner), Hanna Spolwind (Associate Execution) and Christian Wolff (Senior Analyst). The law firm SAXINGER, represented by Wolfgang Lauss and Sebastian Hütter, provided legal advice to the sellers.