05 Apr Clairfield advises on the sale of Christof Electrics to SPIE Deutschland & Zentraleuropa
Christof Electrics GmbH & Co KG, a provider of electric, measurement, control, and regulation technology as well as automation, was sold to SPIE Deutschland & Zentraleuropa, the European leader in energy and communication services.
Christof Electrics enjoys an excellent reputation on the market and has long-standing business relationships with a broad and loyal customer base in the energy, industry and the public sectors. The company employs 154 people and generated revenue of approximately EUR 36 million in 2018.
As the independent European leader in multi-technical services in the areas of energy and communications, SPIE supports its customers to design, build, operate, and maintain energy-efficient and environmentally-friendly facilities. With more than 46,400 employees and a strong local presence, SPIE achieved consolidated revenues of EUR 6.7 billion in 2018.
Clairfield International acted as exclusive financial advisor to Christof Holding AG. With the support of Clairfield’s industrial practice, many international buyers were introduced. SPIE was identified as the preferred buyer due to the alignment of the visions of both companies and similar business philosophies. Clairfield’s Austrian and German teams worked together flawlessly to ensure a smooth and successful closing.
Deal team: Berend Yntema, Kai Burger, Dirk Freiland, Kevin Seebacher, David Baum