ASSYSTEM_Registration_Document_2017

MESSAGE FROM THE CHAIRMAN & CEO

MESSAGE FROM THE CHAIRMAN & CEO DOMINIQUE LOUIS

2017: STRATEGICALLY REFOCUSING ON THE NUCLEAR SECTOR – THE HISTORIC CORE OF OUR EXPERTISE 2017 marked a turning point for Assystem, with the separation of our two engineering businesses: on the one hand, our specialised activities in the nuclear and infrastructure markets (our historic core business areas), and on the other, our more recent outsourced R&D business, operating in the automotive and aeronautical industries. Outsourced R&D is a high-growth sector which has undergone deep-seated transformation in recent years due to the emergence of new technologies, the increasing importance of sustainability, and measures taken by several industrial players to streamline their procurement policies by reducing the number of their suppliers. The rapid organic and acquisition-led growth of market participants such as Altran, Alten and Akka is both driving and being driven by these changes.

Although Assystem’s global size represented close to one billion euros, our business volumes in outsourced R&D meant that we were one of the smallest of the large players. We had better organic growth levels than our competitors but we were hampered by not having the critical mass required in the outsourced R&D market.

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ASSYSTEM

REGISTRATION DOCUMENT 2017