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Wednesday, 31 January 2018

ASSYSTEM: Takes part in equity financing raised by Assystem Technologies Groupe for the acquisition of SQS

ASSYSTEM    

Published: 17:35 CET 31-01-2018 /GlobeNewswire /Source: ASSYSTEM / : ASY /ISIN: FR0000074148


           

 

 

Assystem takes part in equity financing raised by

Assystem Technologies Groupe for the acquisition of SQS

 

 

 

Paris, 31 January 2018, 5.35 p.m. (CET) - Today, Assystem S.A. (ISIN: FR0000074148 - ASY), an international engineering group, took up €60.72 million worth of shares and convertible bonds issued by Assystem Technologies Groupe ("Assystem Technologies") as part of an equity financing round to help fund the acquisition[1] of SQS Software Quality Systems AG ("SQS") by an Assystem Technologies subsidiary. Consequently, Assystem now holds a 38.16% interest in Assystem Technologies Groupe, which is being accounted for by the equity method in Assystem's consolidated financial statements.

 

Assystem's contribution to the financing was funded through credit facilities set up with its banks in addition to its existing credit lines.

 

 

2018 FINANCIAL CALENDAR

 

  • 7 February: Full-year 2017 revenue
  • 26 April:      First-quarter 2018 revenue
  • 16 May:       Annual General Meeting

 

ABOUT ASSYSTEM

Assystem is an international engineering group. As a key participant in the industry for 50 years, the Group supports its clients in managing their capital expenditure throughout their asset life cycles. Assystem S.A. is listed on Euronext Paris.

For more information please visit www.assystem.com

Follow Assystem on Twitter: @Assystem

 

CONTACTS

Philippe Chevallier

CFO & Deputy CEO

Tel.: +33 (0)1 55 65 03 10

 

Anne-Charlotte Dagorn

Communications Director

acdagorn@assystem.com

Tel.: +33 (0)6 83 03 70 29

 

Agn├Ęs Villeret

Investor relations - Komodo

agnes.villeret@agence-komodo.com

Tel.: +33 (0)6 83 28 04 15

 

 



[1] This acquisition follows the successful outcome of a tender offer launched on 15 December 2017 by an Assystem Technologies subsidiary for SQS (a company listed on the London Stock Exchange's Alternative Investment Market), which was declared unconditional on 23 January 2018.

 

 



ASSYSTEM: Takes part in equity financing raised by Assystem Technologi



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: ASSYSTEM, 70, boulevard de Courcelles, Paris 75017, France
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