Assystem expects new nuclear plants to accelerate its activity from 2028 onward, thanks to the French government’s new nuclear ambitions.
Assystem Puts an End to its Oil & Gas Debacle
Assystem has put an end to its oil & gas debacle with the end of 51% of MPH to its management.
Assystem Divests Assystem Care To Improve Its Growth Profile
Assystem Sells Assystem Care to Expleo to Accelerate Growth As disclosed during its H1 2021 results,
Assytem’s Nuclear Engineering In A Soft Landing
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Assystem To Accelerate its Transformation By Selling Assets
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Assystem: Nuclear Engineering Drives Growth in Q1
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Assystem Betting on Long-Term with Acquisition in India
Assystem is betting on the long-term with its 99% acquisition of an Indian engineering firm, STUP Consultants. STUP is headquartered in Mumbai, had revenues of approximately EUR 20m and a headcount of 1.1k. It provides transport infrastructure engineering services, mostly around highways, railways, metros, and airports. The company is also present in water treatment and energy engineering.
Assystem Lowers its Guidance Two Day Before a New Lockdown
Assystem announced its results two days before France back into a full lockdown. Despite a good financial performance in Q3 2020, the company changed, again, its guidance for full-year 2020.
Assystem Reassures About Expleo’s Financials
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Assystem Bounced Back in June
As expected, Assystem suffered in Q2 2020: revenues declined by 13.7% yoy CC/CS during the quarter. Staffing was down by 16.3%, while Energy & Infrastructure did somewhat better (-13.3%). The core nuclear engineering business was down by 10.1% (our estimate).
Unofficial: Renault Selects its Four ER&D Preferred Vendors
According to unofficial sources, Renault has now finalized its list of preferred ER&D service vendors, reducing it from nine vendors to four. The four winners are Akka, Bertrandt, Expleo, and Segula. They will now grab 80% of Renault’s ER&D spending and double their market shares.
Assystem Adds Risk Management to its Nuclear Engineering Portfolio
Assystem made a tuck-in acquisition with British risk management firm, Corporate Risk Associates (RCA). As its name suggests, RCA is a risk consultancy that is active across several sectors (including nuclear, oil & gas, defense).
Two Vendors Put on Hold their Financial Guidance. This Is Only the Beginning!
Two vendors, Assystem and Semcon, have put on hold their financial guidance for 2020. This is only the beginning.
Assystem Grows Organically by 10% in 2019
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Assystem In Line in Q3. Continues to Review its Non-Nuclear Operations
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