SAG is a leading service and system suppliers for electrical power, gas, water, and telecommunication networks, as well as plants generating, providing, and applying energies, water and gas
EQT acquired SAG in February 2008 with a view to further accelerate growth both organically and inorganically on the back of attractive market fundamentals driven by the significant investment need into the German energy grids.
During EQT’s ownership, SAG Group has significantly enhanced its leading market position in Germany and advanced its footprint in adjacent geographies like France and Eastern Europe. The initiatives resulted in an average annual sales growth of more than 6% and a significant staff uplift. As of 2016, SAG had sales of over EUR 1.3 billion and more than 8,100 employees across Europe.
In March 2017, EQT sold SAG to SPIE S.A. in a transaction valuing SAG at EUR 850 million.
Key events during EQT's ownership
Strengthening SAG’s offering around distribution/transmission lines and substations
Expanding its international platform in Central & Eastern Europe with acquisition of Elektrovod as well as France with acquisition of Sogetralec
Significant investments into the company's project controlling & governance capabilities and establishment of a new performance culture
Appointment of Jürgen Vinkenflügel as CEO and overall strengthening of the management team and organization