AXISCADES, Assystem sign MOU to form JV

Assystem Energy & Infrastructure and AXISCADES Engineering Technologies Ltd have recently 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 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.
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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