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Latham Advises SPIE on Acquisition of Majority Stake in ICG Group

March 11, 2024
German team represents the multi-technology service provider on the transaction.

Latham & Watkins has advised SPIE, the independent European leader for multi-technical services in energy and communications, on the acquisition of a 90% stake in ICG Group, a leading player in telecommunication infrastructure (5G Mobile and FttX networks). ICG Group generated a revenue of c. €230 million in 2023 and has approximately 720 employees. The current management team will remain shareholders and contribute to the business development.

With this acquisition SPIE will enter the 5G mobile telecommunications infrastructure market and strengthen its position in the fiber networks.

The Latham team was led by Düsseldorf partner Ingo Strauss and counsel Lucas Schweitzer, with associates Alexander Belk, Nikolaus Becker, Katharina Steinbrück, Jan Gocha, Johannes Groß, and Janina Fey. Advice was also provided on tax matters by Hamburg partner Tobias Klass and Munich partner Stefan Süß, with associate Manuela Minsel; on antitrust matters by Frankfurt partner Max Hauser, with associate Helena Hofmann; on employment matters by Munich partner Tobias Leder, with associate Christian Strauß; on IP matters by partner Susan Kempe-Müller, with associate Gracia Engwaya; on real estate matters by counsel Sven Nickel, with associate Marie-Christine Welp; on data privacy matters by counsel Wolf-Tassilo Böhm, with associate Clemens Ganz; on regulatory matters by counsel Joachim Grittmann; and on finance matters by Frankfurt associate Luca Brandi.