Caisse de dépôt et placement du Québec (CDPQ) has announced a further investment of approximately €30 million (US$33.5 million) in SPIE through the acquisition of 1,809,400 shares.

SPIE is an European firm focused in multi-technical services in the areas of energy and communications, SPIE supports its customers design, build, operate and maintain energy-efficient and environmentally-friendly facilities.

SPIE achieved consolidated revenues of €5.3 billion (US$5.92 billion) in 2015 and consolidated EBITA of €351 million (US$392.2 million). The firm has more than 38,000 employees working from close to 600 sites in 38 countries. 

At the same time, Clayax Acquisition Luxembourg 5 S.C.A (Clayax) will distribute to CDPQ its pro rata shares in SPIE (12,459,631) in a transaction scheduled to take place on March 30, 2016,

As a result of these transactions, CDPQ will no longer hold an ownership interest in Clayax and will instead directly hold a total of 20,369,031 shares in SPIE, or 13.2% of the company’s share capital.

Andreas Beroutsos, Executive Vice-President, Private Equity and Infrastructure at la Caisse, stated:

“As a long-term investor in high-performing companies, we are pleased to be able to strengthen our ownership position in an industry  leader such as SPIE. We continue to be confident in the company’s expertise and in its management team’s ability to pursue its growth and development strategy.”