Spie said that the deal would help it develop expertise in intelligent buildings.
Established in Scotland in 1998 by Tony Kane, Scotshield supplies fire detection, security alarms, access control and closed circuit television systems. In the year to May 2014 it had sales revenue of £23m. As well as installation projects it also has 8,000 sites with service and maintenance contracts.
Spie UK chief executive James Thoden van Velzen said: “This acquisition is an excellent opportunity for both companies to develop their businesses and reach new customer bases across the UK. With limited client overlap, there are numerous opportunities for cross-selling our services. Scotshield is already well established in the northern part of the UK and has demonstrated consistent growth there. By bringing it into the Spie portfolio, we are developing our Scottish business, taking on new technologies and a lead position in the local market. Similarly, Scotshield’s range of solutions has a strong synergy with our own and is therefore a strong fit for existing clients across the rest of the UK, many of whom will be interested in the new services we have to offer.”
Strategy & development director Renaud Digoin Danzin added: “Globally, there is a growing trend for converged security and business management systems (BMS). Scotshield’s expertise will allow Spie UK to further develop its services in the ‘Smart City’ strategic segment, with a particular focus on security and energy management. With this fifth acquisition in three years, we continue to broaden and balance our portfolio of engineering-led services and our client base.”