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AXISCADES and ASSYSTEM agree to form a Joint Venture company in the Energy and Nuclear sector

01 June 2017

Assystem Energy & Infrastructure and AXISCADES Engineering Technologies Ltd. signed a Memorandum of Understanding to form a joint venture company in India.

This JV Company will undertake engineering services for the energy sector business for Indian and global utilities and contractors; mutually agreed in accordance with the provisions of the final agreement.

This JV combines the strength of AXISCADES and Assystem Energy & Infrastructure to address the needs of the industry’s leading Energy Majors across the globe, such as the design of new power stations. It will create competitive solutions, meeting global outsourcing requirements. It is also aimed at addressing the nuclear programs in India. This JV Company is modeled around the successful partnership formed by AXISCADES and Assystem, addressing some of Airbus Group’s requirements.

The JV plans to employ over 500 talented engineers in the next three years.

The energy industry worldwide has to improve its competitiveness to meet sustainable development required globally. I am convinced that the combined know-how of Assystem Energy & Infrastructure as an energy engineering specialist, teamed with the capabilities and competitiveness of AXISCADES, a leading Indian technology solutions company, can offer the energy sector a unique value proposition required” said Stéphane Aubarbier, CEO, Assystem Energy & Infrastructure.

Commenting on the occasion, Sudhakar Gande, Vice Chairman, AXISCADES said “The growing importance of the energy sector requires that we bring superior global resources and a broad spectrum of cutting edge technologies and processes in order to better ensure our customers' success. The formation of this joint venture ensures value addition and provides critical mass to accelerate meeting those objectives.”

The JV could also involve service offerings to other sectors and regions, thus offering a competitive boost for both companies in the global marketplace, by leveraging each other’s core strengths.

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About Assystem

Assystem is an international Engineering and Innovation Consultancy with a presence in 20 countries and nearly 12,000 employees. We are a key partner for the largest industrial groups.

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