Partner Article

Assystem purchases a 51% interest in ENVY

Assystem, an international group specialising in engineering and listed on Euronext Paris has just declared having completed the acquisition of 51% of Turkish engineering company ENVY Energy and Environmental Investments Inc; helping to expand its reach in the nuclear sector.

ENVY was founded in 1999 by a prominent Turkish university professor Selcuk Yahsi, who, together with members of his family currently owns more than 99% of the company’s share capital. A reputable player in the Turkish market for engineering services, ENVY has revenue of nearly $13million (2015) and operates in the energy and transport sectors.

Assystem, through its Energy & Infrastructure division is determined to enhance ENVY’s development and intends to do this by leveraging the company’s existing technical capabilities and well-established client portfolio, capitalising on the technical expertise Assystem will bring; broadening the company’s geographical footprint.

Dominique Louis, Chairman and CEO of Assystem said: “I am delighted with this new partnership we will form with the Yahsi family through the acquisition of 51% of ENVY. It will enable Assystem to expand its client based in the nuclear sector, assess the large Turkish market for engineering services and at the same time is a great opportunity for ENVY and Assystem to create technical and commercial synergies for serving not only Turkey but also other markets”.

This was posted in Bdaily's Members' News section by Assystem .