Spie: acquires Otto LSE in Germany
(CercleFinance.com) - Spie announces that it has completed the acquisition, as announced last month, of around 87% of Otto Life Science Engineering GmbH in Germany, with the necessary regulatory approvals having been received and all conditions precedent having been lifted.
Based in Nuremberg and operating from six branches in Germany, Otto LSE specialises in EPC (engineering, procurement & construction) services and projects dedicated to production sites and laboratories in the pharmaceutical and biotechnology sectors.
With around 140 highly qualified employees, the company's sales reached close to E75m in 2023, offering a very high and recurring level of profitability (EBITA margin over 20%), the multi-technical services group said.
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Based in Nuremberg and operating from six branches in Germany, Otto LSE specialises in EPC (engineering, procurement & construction) services and projects dedicated to production sites and laboratories in the pharmaceutical and biotechnology sectors.
With around 140 highly qualified employees, the company's sales reached close to E75m in 2023, offering a very high and recurring level of profitability (EBITA margin over 20%), the multi-technical services group said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.