Assystem and Axiscades Engineering Technologies Ltd. formalize their agreement and inaugurate their joint venture company in India.
This JV Company will undertake engineering services for the energy sector business for Indian and global utilities and contractors. It combines the strength of Axiscades in engineering services and economic competitiveness with Assystem's domain of expertise in the energy and infrastructure fields to meet the needs of the industry's leading Energy, Buildings, Infrastructures, and Nuclear majors across the globe. This JV also strengthens the economic competitiveness of Assystem engineering centers based in Europe, North America and the Middle East.
The JV will start its operation in Hyderabad and plans to open two more centers in Delhi and in Mumbai with proximity to key customers. The JV plans to employ over 500 engineers in the next three years.
The JV company "AssystemAxiscades Engineering Pvt Ltd" (AEAC) was formally inaugurated by Shri KalvakuntlaTaraka Rama Rao, Hon'ble Minister of IT, E&C, MAUD, Industries & Commerce, Mines & Geology, Public Enterprises and NRI Affairs of Telangana Government in the presence of Mr. Stéphane Aubarbier, Chief Operating Officer – Assystem and Mr. Sudhakar Gande, Vice Chairman – Axiscades.
The Hon'ble Minister said "Hyderabad is gaining traction in Energy, Aerospace, Defence and Engineering Services sectors with the state-of-art infrastructure and amenities. We welcome Assystem coming to Hyderabad and setting up a JV with Axiscades. We would extend full support for this move and wish the best for both companies."
"We are very pleased to see this major partnership take place which will strengthen Assystem's positions in India and Asia while significantly expanding the portfolio of comprehensive range of services for our customers. We are convinced by the value addition of this partnership, which will provide to our clients both the solid knowledge of the Indian market of Axiscades, and the international experience and the historical know-how of Assystem in the energy and infrastructure sectors" said Stéphane Aubarbier, Chief Operating Officer at Assystem.
Commenting on the occasion, Sudhakar Gande, Vice Chairman of Axiscades said "The energy sector is undergoing transformation and the Government's energy agenda is set to make a huge difference to the lives of many people. Axiscades is excited by the many opportunities in this sector. As part of the JV, we offer cost effective engineering solutions and processes that enable global energy OEMs to build superior infrastructures in India. Axiscades and Assystem combined strengths will offer significant USP to customers across the project lifecycle."