SPIE SA (ENXTPA:SPIE) signed an agreement to acquire 89% stake in Pik AG on November 11, 2025. Pik AG management team Christoph Wegner, Christian Hieckel, Daniel Gallin, and André Rechenberg will continue to lead the company?s future development. The remaining 11% of Pik AG of the shares are held by the previous owner and the management team. The agreement includes put and call mechanisms related to these 11%.

For the period ending December 31, 2024, Pik AG reported total revenue around ?42 million. The transaction is subject to subject to antitrust regulations. The transaction is expected to complete in December 2025.

Sebastian Zajons, André Laner, Philipp Dille, Matthias Krankowsky and Tobias Maximilian Fritz of RSM Ebner Stolz Management Consultants GmbH acted as accountant to PIK AG.