ASSYSTEM : ASSYSTEM extends its automotive capabil
Post# of 301275
Paris, 13 March 2017, 5.35 p.m. - Assystem S.A. (ISIN code: FR0000074148 - ASY)
Assystem extends its automotive capabilities
Assystem has acquired end of February a 100% interest in Automotive Solutions Germany GmbH ("ASG"), a German company specialised in the design of automotive lighting systems which is expected to generate €5 million in revenue in 2017.
This acquisition extends Assystem's automotive capabilities to high-end lighting systems and further enlarges its offering to its client base, among which the German OEMs and First Tier parts manufacturers.
Andreas Spiegelberger, ASG's Managing Director, will now be a member of Assystem Germany executive team, headed by Alexander Graf.
" With ASG, we expect to achieve the very same objective as the one achieved with the acquisition end of 2015 of the French company Plast Concept, a specialist in the design of plastic parts for the automotive industry: enlarging our global offering portfolio, gaining access to new market segments and serving our customers with state-of-the-art engineering solutions. We are delighted to now count ASG among the Group's entities ", said Roch Thaller, Vice-president Automotive & Transportation Assystem.
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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 some 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: @Assystem
Contacts: Media relations Daniel Da Costa, ddacosta@assystem.com (+33 (0)1 55 65 03 18) Investor relations Agnès Villeret, Komodo, agnes.villeret@agence-komodo.com (+33 (0)6 83 28 04 15)
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