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AXISCADES inks MoU with Assystem Energy to form JV Company in India

AXISCADES Engineering Technologies has inked a Memorandum of Understanding (MoU) with Assystem Energy & Infrastructure to form a joint venture (JV) 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 both the companies 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 JV plans to employ over 500 talented engineers in the next three years.

AXISCADES Engineering Technologies is engaged in the business of rendering engineering design services and is also into Software Development. Axis IT&T EDS unit offers such services as product design, design support and design validation. The Software Development Services comprise of providing interactive voice response applications.

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