M&A Activity • Jan 31, 2018
M&A Activity
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Paris, 31 January 2018, 5.35 p.m. (CET) – Today, Assystem S.A. (ISIN: FR0000074148 – ASY), an international engineering group, took up €60.72 million worth of shares and convertible bonds issued by Assystem Technologies Groupe ("Assystem Technologies") as part of an equity financing round to help fund the acquisition1 of SQS Software Quality Systems AG ("SQS") by an Assystem Technologies subsidiary. Consequently, Assystem now holds a 38.16% interest in Assystem Technologies Groupe, which is being accounted for by the equity method in Assystem's consolidated financial statements.
Assystem's contribution to the financing was funded through credit facilities set up with its banks in addition to its existing credit lines.
Assystem is an international engineering group. As a key participant in the industry for 50 years, the Group supports its clients in managing their capital expenditure throughout their asset life cycles. Assystem S.A. is listed on Euronext Paris. For more information please visit www.assystem.com Follow Assystem on Twitter: @Assystem
CONTACTS
Philippe Chevallier CFO & Deputy CEO Tel.: +33 (0)1 55 65 03 10
Anne-Charlotte Dagorn Communications Director [email protected] Tel.: +33 (0)6 83 03 70 29
Agnès Villeret Investor relations - Komodo [email protected] Tel.: +33 (0)6 83 28 04 15
1 This acquisition follows the successful outcome of a tender offer launched on 15 December 2017 by an Assystem Technologies subsidiary for SQS (a company listed on the London Stock Exchange's Alternative Investment Market), which was declared unconditional on 23 January 2018.
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