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Aero India 2013 : Assystem announces the signature of two MoUs with local specialists MPP and BEML to strengthen its capacities in India

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2013-02-12 18:53:05 -

Bangalore,  India - 12 February  2013 - Assystem announced  at Aero India 2013 -
Asia's  Premier  Aerospace  exhibition  scheduled  from February 6th to February
10th, 2013 -  the signature  of a  Memorandum of  Understanding with  key Indian
partner  MPP (Maini Precision Products PVT) and the signature of a Memorandum of
Association with local specialist BEML, in order to strengthen its capacities in
tooling engineering, especially in the Aerospace and Defence sectors.

While  Assystem's support will consist in setting up some of the assembly and/or
manufacturing  processes  required  in  India,  local  partners  Maini Precision
Products  and BEML will  complete Assystem's offer  with manufacturing, delivery
testing services on parts and tools. Furthermore, this should lead to an enlarged collaboration aimed at supporting European OEMs (civil and defense) while increasing their international footprint. Alongside Assystem, Maini Precision Products and BEML will thus provide valuable offset opportunities in India and offer a robust and comprehensive support solution addressing Asian and Middle-East markets. Maini Precision Products is an aerospace contractor specialized in high precision engineering components and material handling, with strong capabilities in design and manufacturing components for aircraft structures, power plant components and modules, mechanical accessories and aircraft ground support equipments. BEML is a member of the Indian Public Sector Undertakings, engaged in the Indian Aerospace and Defense sector. With strong capabilities in tools and gears design and manufacturing, BEML is a partner of choice on the Indian market, capable of designing, manufacturing and delivering a large range of tools, jigs and equipments required for the manufacturing plants and assembly units. In Aerospace, Assystem offers a wide range of services, from the development of new programmes through to aircraft replacement. The company is building up over thirty years of experience in this field, shared by 3,000 dedicated employees. Its expertise in Aerospace is recognised by industry leaders and is embodied by its business excellence centres integrated within international teams working in locations around the world to meet the customer's need as locally as possible. Assystem manages projects with accountability for results, bearing testimony to the reach of its skills, the soundness of its methodologies and the commitment to the customer that drive its teams. Assystem is an international Engineering and Innovation Consultancy. As a key participant in the industry for more than 40 years, Assystem supports its customers in developing their products and managing their capital expenditure throughout the product life cycle. Assystem employs more than 10,700 people worldwide and reported €855 million in revenue in 2012. The Company is listed on NYSE Euronext Paris - Compartment B - Code ISIN: FR0000074148 - ASY. For more information: Follow Assystem on Twitter: @anewpath2growth For more information on Maini Precision Products For more information on BEML CONTACTS Ritheesh Shetty Bao-Châu Nguyen Assystem in India Media Relations Phone: +91 80 4036 7010 Phone: +33 1 55 65 03 38 Aero India 2013 Assystem announces: This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: ASSYSTEM via Thomson Reuters ONE [HUG#1677556]

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