FRANCE - PAI-backed SPIE acquires Groupe Juret

SPIE’s history can be traced back to 1846, when the locomotive manufacturer Société de Construction des Batignolles was established. The group now provides electrical engineering and other specialist services in the development of railway and energy infrastructures and telecommunication networks, predominantly in France. PAI Partners originally completed an LBO of SPIE in July 2006, providing EUR 1.04bn in equity.

Groupe Juret was founded in 1919 in Segré by Paul Juret. The company provides electrical solutions and also specialises in air conditioning for the industrial and tertiary sectors. In 1991 the company was acquired by around 300 employees. Groupe Juret generated turnover of EUR 75m in 2007 and employs 400 people across 28 countries.

Gide Loyrette Nouel provided the legal advice for SPIE.

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