# SPIE to acquire Grid Solutions activities from Strukton Group

SPIE has signed an agreement to acquire the Grid Solutions activities from Strukton Group in the Netherlands, which include high-voltage substation and medium-voltage infrastructure work, for an undisclosed sum. The business generated nearly €28 million in revenue in 2022 and has 115 employees.

- Type: Acquisition
- Announced: 2023-11-16
- Where: Hengelo, Netherlands
- Jobs: 115
- Status: announced
- Products: high-voltage substations, medium-voltage infrastructures, maintenance services
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Strukton](https://endata.com/companies/21881.md) (partner)
- [SPIE UK](https://endata.com/companies/34118.md) (acquirer)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2023/11/16/2782109/0/en/spie-signs-an-agreement-to-acquire-the-grid-solutions-activities-from-strukton-group.html), 2023-11-16: "With this acquisition, SPIE continues the consolidation of its footprint in the booming energy market in the Netherlands."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.