Assystem - Registration Document 2016

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PRESENTATION OF THE GROUP

HISTORY

1.1 HISTORY

1966 TO 1995: THE NUCLEAR INDUSTRY YEARS The Assystem Group’s history began in 1966, when a team of nuclear engineers and technicians in France created Atem, a company specialised in the commissioning of industrial units. The Group’s business development was subsequently driven by the major nuclear equipment programme put in place by the French State after the first oil crisis in 1973. In the 1980s, Atem began to diversify into project management, mainly in industrial automation and IT, and working with clients in sectors such as automotive, steel, space and defence. In 1989, Atem teamed up with Cogema to form Alphatem, a company that was dedicated to testing and commissioning equipment and facilities purchased under Cogema’s capital expenditure programmes (an irradiated fuel reprocessing plant in the Hague and the Melox plant in the Gard region of France which produces MOX fuel assemblies). In 1994, Atem and Alphatem merged to create Assystem, which was floated on the Paris stock exchange (Second Marché) in 1995. 1996 TO 2003: BUSINESS DIVERSIFICATION From 1996, the end of the investment cycle in the construction of new industrial facilities (nuclear power stations and reprocessing plants) in the nuclear industry in France and the rest of the world marked the start of a new era for Assystem, which diversified into product design and development for the aeronautics and automotive sectors (with the acquisition of Studia in France), whilst retaining its specific skills and expertise in the nuclear sector. 2003 TO 2016: INTERNATIONAL DEVELOPMENT In 2003, the merger with Brime Technologies allowed Assystem to penetrate the new technologies sector and opened the way for the Group to go global. The Group then carried out several significant acquisitions in 2004 and 2005, which changed its structure and enabled it to expand its client portfolio: Inbis Ltd in the United Kingdom (an industrial engineering group working in the aeronautics, automotive and nuclear industries) and SKI and Atena in Germany. In 2008, Assystem consolidated its presence in India by creating Silver Atena which brought together Silver Software (a company based in India specialised in embedded safety-critical systems) and the Germany company, Atena.

In 2010, Assystem joined forces with the UK engineering company, Atkins, to create N.triple.a, an engineering company specialising in the nuclear sector and dedicated to international projects. In 2011 and 2012, Assystem acquired Berner & Mattner (embedded systems for the automotive industry in Germany) and the MPH Group (nuclear engineering in France and staffing of consultants specialising in Oil & Gas and Industry in the Middle East and Africa). Since then, Assystem has strengthened its operating presence in the Middle East through the following: ● in September 2013 it based the Executive Management Department for the Energy & Infrastructure division in Dubai; ● in January 2015 it acquired Radicon – an engineering company with 400 employees based in Al Khobar and Riyad in Saudi Arabia – which enabled Assystem to double its size in the Arabian Gulf region and win market share in the infrastructure, energy and transport sectors; ● in June 2016 it acquired a 51% interest in the Turkish engineering company Envy – a well-established player in Turkey’s engineering services market, operating primarily in the energy and transport sectors. Envy is involved in two nuclear power station construction projects: Akkuyu (a Rosatom project) and Sinop (an Atmea project). Rosatom – which is a leading operator and seller of nuclear power stations – is a major client for Envy. The acquisition of Envy was strategically important for Assystem in view of the expansion opportunities it offers in numerous geographic regions. In 2016, several strategic partnerships and acquisitions were finalised: ● Momentum – a joint venture equally-owned by Amec Foster Wheeler, Assystem Energy & Infrastructure (E&I) and KEPCO E&C) – which was named construction management-as-agent contractor for an international project involving the assembly of over a million components for the world’s largest fusion reactor. Momentum will play a key role in the international effort to make fusion a viable source of almost limitless carbon-free energy; ● the acquisition of the entire capital of Onyx Promavi, a France- based company specialised in project planning, cost control, deadline management and risk management for major French and international infrastructure projects, which has a high-quality portfolio of clients in the energy, environment, transport and defence sectors. Through this acquisition, Assystem’s Energy & Infrastructure division (E&I) has enhanced the business processes and client portfolio of its Project Management Consultancy (PMC) business, which is dedicated to supporting complex projects subject to significant regulatory constraints;

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ASSYSTEM

REGISTRATION DOCUMENT 2016