Core Insights - SPIE has signed an agreement to acquire Worley Power Services, enhancing its expertise in technical maintenance for power generation assets [1][4] - The acquisition positions SPIE Global Services Energy to play a significant role in Australia's transition from coal and gas to renewable energy sources [1][4] 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 [5] - Worley Power Services has over 20 years of operational experience and is a market leader in full life-cycle asset management, particularly in low-carbon power generation [2][3] Operational Details - Worley Power Services manages operations and maintenance for 27 power generation assets with a total capacity exceeding 2700MW and over 1,100km of gas pipelines [3] - For the financial year ending June 30, 2025, Worley Power Services generated approximately €70 million in revenue and employs 320 highly qualified technicians and engineers [3] Strategic Implications - The acquisition will strengthen SPIE's presence in Australia, a strategic market, and enhance its capabilities in operations, maintenance, and asset integrity within the green energy sector [4] - The integration of Worley Power Services is expected to support SPIE's strategy in achieving energy transition and responsible digital transformation [5][6]