Nuclear engineering remains promising for Assystem. Revenues of nuclear engineering proved slightly more resilient during 2020 (with a 4.2% revenue decline at cc/cs) than the company itself (-5.3%). In H1 2020, the activity was impacted by the lockdown in Europe, as nuclear engineering requires a higher level of onsite work than ER&D services. Revenues bounced back in H2, reaching a slight organic growth.
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.
Tech Mahindra To Acquire a Semiconductor Engineering Firm
Tech Mahindra made a surprise move in semiconductor engineering services. The company is to acquire Cerium