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Assystem — M&A Activity 2011
Apr 14, 2011
1122_iss_2011-04-14_3f68aa18-bc0d-4d04-9914-0db097fd0dbd.pdf
M&A Activity
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Assystem to step up business in the Oil and Gas industry
Paris, April 14, 2011 – Assystem, an international Engineering and Innovation Consultancy, is involved in exclusive discussions to purchase the family engineering services group MPH. This acquisition would expand Assystem's service portfolio in the high growth Energy sector, giving it a new competence platform in the Oil and Gas industry, and an enhanced operational capacity abroad.
MPH has specialized for over 25 years in project management, contracting and assistance to the owner for complex infrastructures, drawing on a staff of one thousand employees. The group recorded sales of €90 million in 2010; three quarters of which was generated outside of France. MPH enjoys close and long-lasting relations with such customers as Total, Technip, Lafarge and Areva, and supports their export development. The Oil and Gas business sector accounts for 75% of MPH business with French and international operators.
In an environment of strong growth in global energy demand driven by emerging markets, and greater complexity in accessing and exploiting fossil fuels, Assystem would have the resources to develop and strengthen its expertise in this high potential area. Assets include:
- Capacity to cover the entire spectrum of energy engineering services, from design through construction to operations;
- Additional cutting-edge skills in nuclear energy that complement existing Assystem capabilities;
- A Middle East based structure capable of acting world-wide to support projects in complex infrastructure sites in both Energy and Environment-related fields.
The project is due to be finalized with the family shareholders in the coming weeks.
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Assystem is an international Engineering and Innovation Consultancy. As a key participant in the industry for more than 40 years, the Group supports its customers in developing their products and managing their capital expenditure throughout the product life cycle. Assystem employs more than 8,500 people worldwide and reported €636 million in revenue in 2010. The Company is listed on NYSE Euronext Paris – Compartment B - Code ISIN: FR0000074148 – ASY.
For more information: www.assystem.com
CONTACTS
Gilbert Vidal CFO Tel. : +33 1 55 65 03 10
Pauline Bucaille Director of Communications & Investor Relations Tel. : +33 1 55 65 03 08 - [email protected] Nicolas Castex Citigate Dewe Rogerson, PR Tel. : +33 1 53 32 78 88 - [email protected]
Agnès Villeret Citigate Dewe Rogerson, analysts and investors Tel. : +33 1 53 32 78 95 - [email protected]