Deal Announcement

Assystem SA France executes definitive documents for acquisition of RELSAFE PRA Consulting Private Limited, an India-based company providing technical consultancy services globally in the nuclear sector

Assystem SA, France (Assystem) has acquired 100% of share capital of India-based RELSAFE PRA Consulting Private Limited (RELSAFE or Company). Post the acquisition, the Company will be a wholly owned subsidiary of Assystem.

RELSAFE provides niche services in risk, safety and reliability assessment/analysis globally, to a highly regulated nuclear energy sector. With a team of specialised and experienced engineers, they have diverse project experience in the areas of probabilistic safety assessment, deterministic safety assessment, reliability/availability analysis, quantitative risk assessment and equipment safety classification.

Assystem is a major independent engineering group with headquarters in France and listed on Euronext Paris, having more than 55 years of experience in highly regulated sectors with stringent safety and security constraints, including the nuclear sector. Assystem, currently ranked as the second largest independent nuclear engineering group in the world, operates in 12 countries with 6,500 experts supporting the energy transition.

With this acquisition, Assystem’s global nuclear risk and safety management team will be augmented and strengthened, bringing specialised technical expertise and new international collaborations. The acquisition will reinforce Assystem’s vision to accelerate the energy transition in the world by contributing to the expansion of nuclear power.

HSA Advocates acted as the legal advisor to Assystem, advising on (i) structuring the transaction; (ii) legal due diligence; (iii) drafting, reviewing, amending, negotiating and finalizing the transaction documents- which included the share purchase agreement, employment agreement for the continuing MD and CEO, agreements for key employees for retention and continuity of employment with the Company, post completion of acquisition, earn-out arrangements and other related documents; and (iv) assisting in execution of the transaction documents and closing of the transactions.

The HSA deal team was led by Soumya Kanti De Mallik, Partner (Delhi), with assistance from Prithviraj Chauhan (Senior Associate), Himanshu Seth (Associate), Taha Abdur Razzack (Associate) and Unnati Goel (Associate).

The selling shareholders were advised by IC Universal Legal, Mumbai.