Advised on Purchase of CompanyAutomotive
Acquired 100% of Business Operations
Assystem based in France, is an international Engineering and Innovations Consultancy with a presence in 20 countries and nearly 12,000 employees. Fifty years of experience have made Assystem a key partner to the world's largest industrial groups: Airbus, Areva, Alstom, Peugeot, Renault, Rolls Royce, Safran and Thales to name a few. Designing and developing the products and services of tomorrow, building and ensuring the optimum use of their investments throughout the life cycle, coordinating and executing the realization of their projects and infrastructure: Assystem's engineering teams make the difference and instill trust.
Assystem found the perfect entry to Sweden when they acquired 100% of the shares of Engineering Partner, Automotive Nordic AB (Engineering Partner), a company based in Gothenburg, Sweden. Engineering Partner is a leading specialist in engineering services rendered toward the automotive and industrial markets in Sweden, with a range of skills covering all aspects of product development such as mechanical and electrical engineering, hardware and software development, project management, testing and manufacturing support.
With premises in Gothenburg, Trollhättan and Södertälje, Engineering Partner currently employs 164 engineers and is expected to generate revenues of c. €17 million in 2017. It benefits from rapid growth, reflecting the increasing needs of the Swedish automotive market for development projects notably dedicated to autonomous and electrical vehicles. Engineering Partner serves mainly Swedish blue chip OEMs, through time & material and workpackage contracts.
This acquisition will enable Assystem Global Product Solutions (GPS) to access the Swedish market, to strengthen its commercial relationships with global OEMs and to diversify its customer portfolio, which will strengthen its automotive business overall.
Roch Thaller, Vice President Automotive & Transportation at GPS, said:
"We are delighted to now count Engineering Partner among GPS entities. This acquisition has clear objectives: increase our international footprint, enlarge our global automotive offering, reinforce our capability to propose workpackages and serve our customers with further solutions thanks to our Automotive Engineering Centres."