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.