SAG

EBITDA: EUR 52 million in 2014
Number of Employees: 8,211
Sales: EUR 1,234 million in 2014

SAG provides engineering, construction, maintenance and operation services for utilities and industrial clients with a focus on their energy infrastructure. SAG is one of Europe's largest pure-play infrastructure service providers.

SAG supports its customers in the construction and long-term economic operation of energy infrastructure facilities, in particular the construction and expansion of distribution and transmission grids for electricity and gas.

SAG's most important market is Germany where the company is the clear market leader and operates around 120 sites providing service coverage for regional and municipal energy providers, industrial companies and power plant operators. SAG is among the ten largest providers of energy technology services in France and has leading positions for services on high and extra high voltage power grids in Poland and Slovakia. Subsidiaries also operate in Hungary and Czech Republic. SAG was founded in 1916. In 1926,  it became a joint subsidiary of RWE and Lahmeyer and remained under RWE/Lahmeyer ownership until 2006. In 1999, TESSAG was formed and later renamed RWE Solutions. In 2005 all energy related activities of RWE Solutions were merged as SAG Group. EQT V acquired SAG in 2008.

To SAG

Market trends and drivers

SAG’s long-term market drivers are the need for construction, refurbishment and maintenance of energy infrastructure, the need to modernize aged energy infrastructure in Europe and the changing use of electrical grids due to renewable energy and more international grid connections. In addition, grid operators as well as industrial clients will require more efficient, yet high quality services.

Investment potential

EQT acquired SAG because of its attractive growth profile and its position as a strong player with a leading market position,  well positioned to benefit from expected market changes and with  potential to improve profitability.

The development plan for SAG includes organic sales growth to fully capture the underlying positive market development in Germany, France and Central & Eastern Europe, especially in Poland. Geographic expansion, for example within France or CEE or to countries adjacent to current core regions, and moving customers into more comprehensive outsourcing contracts will contribute to profitable growth.