AKKA Group strengthens its presence in the automotive segment
COMAU France's Engineering Division is involved in car body and engine design and development. A spin-off from FIAT Group and Renault Automation, the company is known for delivering high technological added value.
This division has 18 M¤ in revenues and a workforce of 250 people and its operating income is in keeping with that of the Group. It will be merged into the Mechanical Engineering / Process / Documentation division.
This acquisition will be consolidated as of 1 May 2007.
This confirms the Group's commitment to diversify its client portfolio and its expertise in automotive.
Development Opportunities that fit in directly with the Group's strategy
Incorporating these business activities will enable AKKA Technologies to reinforce its position in a market which is set to grow due to the fact that Italian, French and European carmakers will be releasing release new models in the future and on account of their need to increasingly outsource activities and become more competitive.
AKKA Technologies is pursuing a development strategy based on:
- Maintaining a healthy balance between each business segment and expanding in high-potential sectors such as energy and rail, ...
- Achieving critical size on its key European markets.
About AKKA Technologies
AKKA Technologies, a specialist in High Technology Consulting and Engineering, is assisting manufacturers the world over in planning every stage of their project, from R&D to design to mass production.
Thanks to a solid presence in Western Europe (France, Belgium, Germany, Italy, UK and Switzerland); AKKA Technologies, by mastering complementary specialties provides real added value to manufacturers in each and every business segment: aeronautics, automotive, rail; chemicals/pharmacy, space/defence, telecommunications, energy, steel, electronics, etc. and is recognized by all prime manufacturers in each of the above-mentioned fields.
Thanks to highly mobile teams and an international positioning, AKKA Technologies is capable of working worldwide on cutting edge projects.
AKKA Technologies had 160.1 M¤ in revenue in 2006 and is listed on Euronext Paris Eurolist - Compartment C (SIN Code FR0004180597).
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