SPIE Announces the Signing for the Acquisition of Plexal Group
PARIS, December 20, 2012 /PRNewswire/ --
A Perth-based oil & gas engineering services provider enhancing SPIE Oil & Gas Services operations in Asia Pacific
SPIE, the European leader in electrical and mechanical engineering and HVAC services, energy and communication systems, today announces the acquisition of Plexal to further grow its global business SPIE Oil & Gas Services, develop its engineering offering and expand its presence in Asia Pacific.
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Plexal is a specialist engineering firm with comprehensive knowledge across Upstream Oil & Gas, LNG (liquefied natural gas), Gas Transmission, CSG (coal seam gas), Water Utilities and Power Generation. Since 2002, the company has helped tens of first-class O&G clients such as Chevron, Woodside, Santos and Vermilion, in successfully implementing their Brownfield projects thanks to its proprietary efficiency tools (Plexsys©, Plexispec© and Pleximus©) and a large scope of services: assessments, conceptual, front-end and detailed design, procurement, system development and testing, construction management, commissioning, training, etc. Headquartered in Perth, Western Australia, with operations in Queensland, Thailand and Bangladesh, Plexal employs 170 people and achieved turnover of AUD 23M in 2011/12 (about €18,5M).
Yves Compañy, CEO of SPIE Oil & Gas Services, declared: "The acquisition of Plexal greatly contributes to our strategic plan to expand our regional coverage of the Asia Pacific region and to widen our services offering with further engineering capacity. With its team of experienced and committed engineers, Plexal shares our guiding principles of performance, innovation and sustainability."
Dean Paton, CEO of Plexal, says: "I am delighted to join the SPIE Oil & Gas Services team and feel confident this operation will benefit to the long-term development of Plexal which has been founded 10 years ago by Steve Jones and Len Bunn. I believe our common culture of quality and responsibility will ensure a smooth transition to the satisfaction of our clients, employees and business partners."
The acquisition is still subject to customary condition precedent and should be finalized in the first days of 2013.
SPIE advisors
Legal: DLA Piper, Peter Mong
Finance: Ernst & Young, Justin Audcent
Plexal advisors
Legal: Williams and Hughes, Chris Osborn
Finance: Tony McDowell, Abbott Solutions
About SPIE Oil & Gas Services
SPIE Oil & Gas Services provides its clients, which include oil companies, engineering firms and oil and gas contractors, a complete range of resources, skills and services for exploring and investigating new fields, building and operating facilities, and optimizing production under optimal safety, cost, deadline and quality conditions. SPIE Oil & Gas Services, which is currently established in Europe, Africa, Asia Pacific and the Middle East, can call on the services of 4,000 trained, loyal and valued individuals in 26 countries across five major business lines, including well services, systems integration, expertise services, competence development and asset support. The company achieved pro forma turnover of €437 M in 2011.
About SPIE
As a European leader in electrical and mechanical engineering and HVAC services, energy and communication systems, SPIE enhances the world around us by helping local and regional authorities and companies design, build, operate and maintain more energy-efficient and environmentally-friendly facilities. With 29,055 employees working from more than 400 locations in 31 countries, SPIE achieved pro forma production of €4.047 billion and generated EBIT of €218.2 million in 2011.
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SOURCE SPIE
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