SPIE Group completes acquisition of AVM Up

Paris, August 31st 2023

SPIE, independent European leader in multi-technical services in the fields of energy and communications, has finalized the acquisition of 100% of the shares of AVM Up, the Telecom operator & the publisher of Cloud Services and a UCAAS solution (Unified Communications As A Service) for companies.

TwinL was the exclusive shareholder board of AVM Up in this transaction.

Florent Garel, founder and CEO of AVM Up, commented: “Our expertise has enabled us to become a key player in the field of UCAAS solutions in France. We are delighted to join the SPIE Group and are convinced that the combined expertise of SPIE ICS and AVM Up will enable us to accelerate our development in France.”

AVM Up, created in 1983 in Lyon, achieves more than 22 M€ of turnover and serves its thousands of customers throughout the French territory.

Xavier Daubignard, CEO of SPIE ICS, said: “With this acquisition, SPIE will strengthen its expertise in corporate communications by offering complementary cloud services and value-added solutions to all of its customers across France. We look forward to preparing for the future together with AVM Up’s 50 qualified employees.”

TwinL mission was to approach, throughout Europe, potential buyers from telecom operators and publishers of communications solutions to allow the director and shareholder of AVM Up to choose from different transmission projects, sometimes involving investment funds.   AVM Up being based in Lyon, TwinL’s Agence Rhône-Alpes, with Sevim Cesim, was in charge of the operation.

Florent Garel comments on TwinL’s work: «I chose TwinL who took the time to understand our very technical positioning as publisher and operator of UCAAS solutions. While respecting the values of AVM Up, and ensuring confidentiality, TwinL has managed to enhance our positioning and offer a selection of potential buyers. Their 15 years of experience were an asset to carry out this transaction. I am very pleased to have chosen Spie Group, which has great ambitions to integrate AVM Up’s know-how, teams and technologies.”

For Frank Loubaresse, President of TwinL, “our client made the right choice, which is never an easy decision for an entrepreneur after more than 15 years of running his business; during the 12 months that this mission lasted, our entire team mobilized and this success is a great pride for all of us!”