SPIE Acquires 85% Stake in Correll Group

SPIE Group Acquires ICG Group from H.I.G. Capital

March 11, 2024

Telecommunications

SPIE Group has signed a definitive agreement to acquire ICG Group from H.I.G. Capital. ICG, a German provider of fiber‑optic, mobile communications and electrical network planning, construction and maintenance with more than 700 employees, will remain under current management and the transaction is subject to antitrust clearance.

SOCOTEC Acquires Spinnaker Group

April 18, 2023

Engineering Services

SOCOTEC Consulting, Inc. (SOCOTEC USA), a provider of testing, inspection, certification and building consultancy services, has completed the acquisition of Spinnaker Group, a South Florida–based energy efficiency and sustainability consulting firm. The deal expands SOCOTEC's energy & sustainability capabilities and establishes a stronger presence in the South Florida market for commissioning, energy modeling, LEED and O&M consulting services.

Siemens AG Acquires Iberdrola's 8.1% Stake in Siemens Gamesa Renewable Energy

February 4, 2020

Renewable Energy

Siemens AG will acquire Iberdrola S.A.'s 8.1% stake in Siemens Gamesa Renewable Energy (SGRE) for €20.00 per share, a total of approximately €1.1 billion. The deal settles legal disputes between the parties, and Siemens will contribute SGRE shares to the upcoming Siemens Energy spin-off—resulting in Siemens Energy holding roughly 67% of SGRE voting rights—and expects additional savings and synergies from the transaction.

Altrad Group Acquires Sparrows Offshore Group from AEA Investors

July 11, 2022

Industrial Services

France-based Altrad Group has acquired Sparrows Offshore Group from AEA Investors’ Middle Market Private Equity fund. Sparrows, headquartered in Aberdeen, United Kingdom, is a global provider of specialist engineering and operations & maintenance services to the offshore energy, renewables and industrial markets and employs over 2,200 certified engineers and technicians; the deal adds capabilities and geographic scale to Altrad’s industrial services platform.

Cicor Group Acquires Significant Business Activities of Éolane Group

April 18, 2025

Manufacturing

Cicor Group has had its offer accepted by the Paris Commercial Court to acquire significant business activities of the French Éolane Group. The deal, closing April 22, 2025, adds around 890 employees and CHF 125 million of sales, expanding Cicor’s EMS footprint in France and strengthening its position in aerospace & defence, railway and nuclear technology markets.

WSP Global Acquires Power Engineers (POWER)

August 12, 2024

Engineering Services

WSP Global Inc. has agreed to acquire Power Engineers, Incorporated (POWER) for US$1,780 million, a deal that strengthens WSP's Power & Energy capabilities and accelerates its participation in the energy transition. POWER, an employee-owned U.S. engineering and environmental consulting firm based in Hailey, Idaho, has ~4,000 employees and 50 offices across North America; the acquisition is expected to deliver cost synergies and cross-selling opportunities.