Last updated on April 19, 2014 at 13:20 EDT

SPIE Announces the Signing for the Acquisition of Plexal Group

December 20, 2012

PARIS, December 20, 2012 /PRNewswire/ –

A Perth-based oil & gas engineering services provider enhancing SPIE Oil &

Gas Services operations in Asia Pacific

SPIE, the European leader in electrical and mechanical engineering and HVAC services,
energy and communication systems, today announces the acquisition of Plexal to further
grow its global business SPIE Oil & Gas Services, develop its engineering offering and
expand its presence in Asia Pacific.

http://photos.prnewswire.com/prnh/20120731/552278 )

Plexal is a specialist engineering firm with comprehensive knowledge across Upstream
Oil & Gas, LNG (liquefied natural gas), Gas Transmission, CSG (coal seam gas), Water
Utilities and Power Generation. Since 2002, the company has helped tens of first-class O&G
clients such as Chevron, Woodside, Santos and Vermilion, in successfully implementing
their Brownfield projects thanks to its proprietary efficiency tools (Plexsys(c),
Plexispec(c) and Pleximus(c)) and a large scope of services: assessments, conceptual,
front-end and detailed design, procurement, system development and testing, construction
management, commissioning, training, etc. Headquartered in Perth, Western Australia, with
operations in Queensland, Thailand and Bangladesh, Plexal employs 170 people and achieved
turnover of AUD 23M in 2011/12 (about EUR18,5M).

Yves Company, CEO of SPIE Oil & Gas Services, declared: “The acquisition of Plexal
greatly contributes to our strategic plan to expand our regional coverage of the Asia
Pacific region and to widen our services offering with further engineering capacity. With
its team of experienced and committed engineers, Plexal shares our guiding principles of
performance, innovation and sustainability.”

Dean Paton, CEO of Plexal, says: “I am delighted to join the SPIE Oil & Gas Services
team and feel confident this operation will benefit to the long-term development of Plexal
which has been founded 10 years ago by Steve Jones and Len Bunn. I believe our common
culture of quality and responsibility will ensure a smooth transition to the satisfaction
of our clients, employees and business partners.”

The acquisition is still subject to customary condition precedent and should be
finalized in the first days of 2013.

        SPIE advisors
        Legal: DLA Piper, Peter Mong
        Finance: Ernst & Young, Justin Audcent

        Plexal advisors
        Legal: Williams and Hughes, Chris Osborn
        Finance: Tony McDowell, Abbott Solutions

About SPIE Oil & Gas Services

SPIE Oil & Gas Services provides its clients, which include oil companies, engineering
firms and oil and gas contractors, a complete range of resources, skills and services for
exploring and investigating new fields, building and operating facilities, and optimizing
production under optimal safety, cost, deadline and quality conditions. SPIE Oil & Gas
Services, which is currently established in Europe, Africa, Asia Pacific and the Middle
East, can call on the services of 4,000 trained, loyal and valued individuals in 26
countries across five major business lines, including well services, systems integration,
expertise services, competence development and asset support. The company achieved pro
forma turnover of EUR437 M in 2011.

About SPIE

As a European leader in electrical and mechanical engineering and HVAC services,
energy and communication systems, SPIE enhances the world around us by helping local and
regional authorities and companies design, build, operate and maintain more
energy-efficient and environmentally-friendly facilities. With 29,055 employees working
from more than 400 locations in 31 countries, SPIE achieved pro forma production of
EUR4.047 billion and generated EBIT of EUR218.2 million in 2011. http://www.spie.com







Source: PR Newswire