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    ASSYSTEM  401  0 Kommentare Assystem to purchase a 51% interest in the Turkish company ENVY

    Paris, 24 May 2016  - Assystem S.A. (ISIN code: FR0000074148 - ASY)

    Assystem to purchase a 51% interest in the Turkish company ENVY

    Assystem and the shareholders of the Turkish engineering company ENVY Energy and Environmental Investments Inc ("ENVY") have today entered into an agreement pursuant to which Assystem will purchase 51% of ENVY's share capital, provided clearance is received from the Turkish regulatory authorities. The remainder of ENVY's share capital will be subject to puts and calls exercisable over the medium to long term.

    ENVY was founded in 1999 by a prominent Turkish university Professor in mechanical engineering, Professor Selcuk Yahsi, who, together with members of his family, currently owns more than 99% of the company's share capital.

    ENVY is a reputed player in the Turkish market for engineering services and generated revenue of around USD 13 million in 2015. It operates primarily in the energy and transport sectors and is notably involved in two power plant construction projects: Akkuyu (a Rosatom project) and Sinop (an Atmea project). Rosatom - the Russian operator and vendor of nuclear plants - is an important client of ENVY and access to this player is of strategic interest to Assystem in view of the potential it offers for developing business in a large number of geographic regions.

    Assystem - through its Energy & Infrastructure division - and Professor Yahsi are determined to draw on their new partnership to enhance ENVY's development. They intend to do this by leveraging the company's existing technical capabilities and well-established client portfolio and by capitalizing on the added value that Assystem will bring to the company in terms of additional technical expertise and opportunities for broadening the company's geographical footprint.

    Dominique Louis, Chairman and CEO of Assystem, said: "I am delighted with this new partnership we will form with the Yahsi family through the acquisition of 51% of ENVY. It will enable Assystem to expand its client base in the nuclear sector, access the large Turkish market for engineering services and at the same time is a great opportunity for ENVY and Assystem to create technical and commercial synergies for serving not only Turkey but also other markets."

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    About Assystem:
    Assystem is an international group specialized in engineering and is listed on Euronext Paris. 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 some 12,000 people worldwide and generated €908 million in revenue in 2015.
    For more information please visit www.assystem.com - Follow Assystem on Twitter: @Assystem

    Contact: Florence de Nadaï, Assystem - VP Communications (+ 33 (0)6 85 07 25 23)
    Contact: Roxane Allodi, We agency - Press Agent (+ 33 (0)1 44 37 22 09)




    This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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

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    ASSYSTEM Assystem to purchase a 51% interest in the Turkish company ENVY Paris, 24 May 2016  - Assystem S.A. (ISIN code: FR0000074148 - ASY) Assystem to purchase a 51% interest in the Turkish company ENVY Assystem and the shareholders of the Turkish engineering company ENVY Energy and Environmental Investments Inc …