Assystem Turns 50!
The international group Assystem in a specialist in engineering. The company is celebrating 50 years of engineering heritage that covers aerospace, automotive and nuclear engineering sectors. While celebrating this momentous anniversary, the company if looking to improve their presence in the sector by increasing the delivery of next generation and end to end full life cycle solutions. Assystem has been able to deliver a number of major international projects within the aerospace, automotive and energy sectors. The business is one of the top five engineering supplier in nuclear space around the globe. They are also key partners for the worldâs largest industrial groups as well as engineering projects and work with companies including Airbus, BAE Systems, EDF Renault and Rolls-Royce. Assystem focuses on providing an advanced level of engineering solutions to their clients and employs 1,400 employees around the UK. Assystem has two main divisions which are Global Product Solutions and Energy & Infrastructure. The business is a key partner in the development of a range of end to end engineering solutions that can be employed in technology-intensive sectors as well as the provision of cutting edge substantiation techniques. The business also offers solutions that can be used in global projects and initiatives while also complying to strong safety and regulatory constraints. A notable project that Assystem was a part of is the Amphibian. The Amphibian is the only commercially available amphibious ultralight aircraft in the world. The company also has an international team that is based in Bristol and provides key 3D scanning capabilities for the Bloodhound SSC engine design. The Bloodhound is a supersonic land vehicle made in Britain that is aiming to be able to match or exceed 1,000 mph. Assystem are constantly working on innovative and ground-breaking projects across their sector and letâs hope that they will continue to have the same degree of success for the next fifty years.
Assystem Purchased Automotive Solutions Germany GmbH
Assystem has purchased Automotive Solutions Germany GmbH. The international engineering services consultancy company, has made the acquisition that will boost their capabilities in the high end lighting system sector of the automotive industry. Assystem is an international group that is involved in engineering. Assystem has been a part of the automotive industry for 50 years. Assystem focuses on supporting its clients while developing their products. Assystem also manages capital expenditure for its clients through the length of the product life cycle. Assystem employs 12,500 people on a world wide scale and has generated â¬956 million in revenue through 2016. The acquisition took place at the end of February and Assystem now has 100% interest in ASG, the German company that has expertise in the design of automotive lighting systems. It is thought that the acquisition will make â¬5 million in revenue throughout 2017. The managing Director of ASG, Andreas Spiegelberger will become a part of Assystem as a member of the Assystem Germany executive team. This team will be managed by Alexander Graf. Assystem have previously purchased Plast Concept. The French company was acquired by Assystem at the end of 2015. Plast Concept was an expert in designing plastic parts in the automotive industry, and the acquisition by Assystem allowed the company access to this new section of the market. It is hoped that the acquisition of ASG will have similar results. The purchase will expand Assystem so that their capabilities include high end lighting systems. This will further grow the company and give it access to a new market within the automotive industry. The company will have access to new clients and that could lead to further expansion of the company. This acquisition will allow the engineering service to further grow and be more successful. Although it is unsure how productive for the automotive industry, acquisitions made by larger companies is. It could reduce competition, and lead to an industry dependent of a few large names. Manufacturing & Engineering Magazine | The Home of Manufacturing Industry News
Assystem Releases its Financial Statements for the Ending Year 2016
The International engineering services consultancy company, Assystem has released its financial statements for the year ending 31st December 2016. The company has announced a â¬955.6 million revenue. This figure is a consolidated revenue that has increased by 5.3%. Assystem is an industrial engineering company with 50 years of experience. Assystem is also a partner in the worldâs largest industrial groups. The other partners in this group are Airbus, Areva, Alstom, EDF, EADS, General Electric, MTU, Peugeot, Renault, Rolls Royce, Safran and Thales. Within this sector Assystem works to create lighter aircraft, electric transport for mass travel. To try and design technology to help us with future products and services, Assystem focuses on trying to make the most of their investments. Since 22nd of May 2014, Assystem has been a public Liability company with a board of directors. Global Product Solutions generated revenue generated by â¬577.5 Million. This revenue made up 60.4% of the consolidated total. This revenue created by Global Product Solutions represents a 9.3% year on year increase. The increase is generated by Aerospace and Automotive activities. Other revenue within this release has been announced for the Energy and Infrastructure business. The revenue for this department has risen 1.5% to â¬315.7 million. This figure represents 33% of the consolidated revenue total. Assystem has been a key part of the engineering industry for 50 years. The company employs 12,000 people on a global scale and has created a total 2016 revenue of â¬955.6 million. Other information released with the revenue publication includes the companyâs operating profit taken before non-recurring items has increased by 15.7%. This means that the operating cost of the company is â¬66.9 million. Assystemâs EBITA margin is up 0.6, and now stands at 7%. This information means the adjusted profit for the period is up 23.1%. This means the adjusted profit for the period now stands at â¬45.8 million.
