ASSYSTEM acquires Engineering Partner Automotive Nordic AB
(Thomson Reuters ONE) -
Paris, May 3, 2017, 5.35 p.m. - Assystem S.A. (ISIN code: FR0000074148 - ASY)
Assystem acquires Engineering Partner Automotive Nordic AB
Assystem has acquired 100% of the shares of Engineering Partner Automotive
Nordic AB ("Engineering Partner") a company based in Gothenburg, Sweden.
Engineering Partner is a leading specialist of engineering services rendered to
the automotive and industrial markets in Sweden, with a range of skills covering
all aspects of product development such as mechanical and electrical
engineering, hardware and software development, project management, testing and
manufacturing support.
With premises in Gothenburg, Trollhättan and Södertälje, Engineering Partner
currently employs 164 engineers and is expected to generate revenues of ? c.17m
in 2017. It benefits from rapid growth, reflecting the increasing needs of the
Swedish automotive market for development projects notably dedicated to
autonomous and electrical vehicles.
Engineering Partner mainly serves Swedish blue chip OEMs through time & material
and workpackage contracts.
This acquisition will enable Assystem Global Product Solutions (GPS) to access
the Swedish market, to strengthen its commercial relationships with global OEMs
and to diversify its customer portfolio, which will overall strengthen its
automotive business.
Fredrik Blomberg, Per Saldh and Peter Johanson, founders of Engineering Partner
will continue in their respective positions as Managing Director and Key Account
Managers of Engineering Partner, and will contribute to develop Engineering
Partner and more generally Assystem GPS's business in Sweden and further in
Scandinavia.
"We are delighted to now count Engineering Partner among GPS entities. This
acquisition has clear objectives: increase our international footprint, enlarge
our global automotive offering, reinforce our capability to propose workpackages
and serve our customers with furthermore solutions thanks to our Automotive
Engineering Centres", said Roch Thaller, Vice President Automotive &
Transportation at GPS.
* * *
About Assystem:
Assystem is an international group specialised in engineering. As a key
participant in the industry for 50 years,
Assystem supports its clients in developing their products and managing their
capital expenditure throughout the product life cycle. Assystem employs more
than 12,500 people worldwide and generated ?956 million in revenue in 2016.
Assystem S.A. is listed on Euronext Paris.
For more information please visit www.assystem.com - Follow Assystem on Twitter:
(at)Assystem
Contacts:
Media relations Daniel Da Costa, ddacosta(at)assystem.com
(+33 (0)1 55 65 03 18)
Investor relations Agnès Villeret, Komodo,
agnes.villeret(at)agence-komodo.com
(+33 (0)6 83 28 04 15)
Assystem acquires Engineering Partner Automotive Nordic AB:
http://hugin.info/143356/R/2101565/796790.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ASSYSTEM via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 03.05.2017 - 17:40 Uhr
Sprache: Deutsch
News-ID 540086
Anzahl Zeichen: 3871
contact information:
Town:
Paris
Kategorie:
Business News
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