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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Assystem | EU:ASY | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.00 | 1.88% | 54.30 | 53.70 | 54.40 | 54.40 | 53.40 | 53.40 | 3,318 | 16:40:00 |
Assystem acquires a 99% stake in the Indian engineering company, STUP Consultants Private Limited (“STUP”)
Paris-La Défense, 1 July 2021, 8.30 a.m. (CEST) – On 30 June 2021, Assystem S.A. (ISIN: FR0000074148 – ASY), a leading player in engineering, acquired 99% of the issued share capital of STUP*, in a transaction that was originally scheduled to close at the end of May 2021.
As stated in the press release dated 8 March 2021 announcing the acquisition agreement signed between Assystem and STUP’s shareholders, STUP generates some €20 million in annual revenue and employs 1,100 people across India. It is one of India’s leading players in transportation infrastructure engineering (motorways, railway infrastructure, metropolitan networks and airport terminals).
The price for the 99% stake is between €21 and €22 million, takes into account cash net of debt estimated to be some €1 million, and is subject to typical net cash/debt and working capital adjustments.
Assystem’s objectives in acquiring STUP are three-fold:
About AssystemAssystem is an international engineering group. As a key participant in the industry for over 50 years, the Group supports its clients in managing their capital expenditure throughout their asset life cycles. Assystem S.A. is listed on Euronext Paris. For more information please visit www.assystem.com / Follow Assystem on Twitter: @Assystem
* KPMG India acted as exclusive financial advisor to STUP for this transaction.
CONTACTS
Philippe Chevallier CFO & Deputy CEOTel.: +33 (0)1 41 25 28 07Anne-Charlotte DagornCommunications Directoracdagorn@assystem.comTel. : +33(0)6 83 03 70 29 | Agnès VilleretInvestor relations - Komodoagnes.villeret@agence-komodo.comTel.: +33 (0)6 83 28 04 15 |
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1 Year Assystem Chart |
1 Month Assystem Chart |
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