Core Points - SPIE has signed an agreement to acquire 89% of PIK AG, a company specializing in audiovisual systems integration and maintenance in Germany [1][3] - PIK generated approximately €42 million in revenue for the 2024 financial year and has shown steady organic growth [2] - The acquisition is expected to be finalized in December, pending antitrust authority approval [3] Company Overview - SPIE is a European leader in multi-technical services, focusing on energy infrastructure and communications, with consolidated revenues of €9.9 billion and EBITA of €712 million in 2024 [4] - PIK AG, headquartered in Berlin, employs around 170 people and operates mainly in northern and eastern Germany [1][2] Management Insights - Niklas Niehuus, the current leader of PIK, expressed confidence in SPIE as the right choice for PIK's future development [3] - The management team of PIK will continue to lead the company post-acquisition, aiming to expand their business and strengthen their market position [3] - SPIE's management highlighted the strategic importance of this acquisition in enhancing their expertise in audiovisual systems and related services [3]