Proposed transformation into a European Company
The Board of Directors of Akka Technologies decided at its meeting of 5 May 2014 to propose to shareholders the transformation of the company into a European Company (Societas Europaea – SE). This status is recognised in all European Union countries, and has been adopted by many large groups. It reflects the Group's international dimension and its growing presence in Europe, particularly following its acquisitions of Aeroconseil and MBtech.
With operations in 20 countries worldwide, including 12 European countries, and nearly 11,000 employees, 83% of which in Europe, Akka Technologies is building on sound European foundations. The Group is currently European leader in automotive and aerospace engineering.
The transformation into a European Company will have no impact on Akka Technologies' governance or the listing of its shares.
The proposed transformation is subject to the completion of negotiations on the involvement of employees in the company. It will be submitted for approval to Akka Technologies' Shareholders' Meeting on 17 June 2014 and to the meeting of bondholders scheduled on 2 June 2014.
Next releases:
Q1 2014 revenue, on 15 May 2014 after trading.
Interim 2014 revenue, on 29 July 2014 after trading.
Interim 2014 results, on 18 September 2014 before trading.
AKKA Technologies is a European Engineering and Technology Consulting Group that supports large manufacturing and tertiary services companies, seeing their projects through from the initial studies and R&D to large-scale production. AKKA Technologies is an expert in various complementary business lines, and brings real value added to customers in sectors including aerospace, automotive, space/defence, consumer electronics, telecommunications, chemicals, pharmaceuticals, steel, energy, rail, marine and service industries.
AKKA Technologies is the leader in the automotive and aerospace sectors in Germany and France, and, thanks to the mobility of its staff and its international positioning, collaborates on state-of-the-art technology projects around the world.
The AKKA Technologies Group has nearly 11,000 employees and operates in 20 countries, including Belgium, Canada, China, Czech Republic, France, Germany, Hungary, India, Italy, Morocco, Netherlands, Romania, Russia, Spain, Switzerland, Tunisia, Turkey, UAE, UK and US.
AKKA Technologies is listed on Euronext Paris TM - Segment B, ISIN code FR0004180537.
CAC® Small, CAC® Mid & Small, CAC® All-Tradable, CAC® All-Share indices
For more information, please visit www.akka.eu
In case of discrepancy between the French and English versions of this press release, only the French version should be deemed valid.
Akka Technology contacts
Actus contacts
Nicolas Valtille
Group CFO
Tel.: +33 4 7892 6083
finances@akka.eu
Amalia Naveira
Analyst/Investor Relations
Tel.: +33 4 7218 0497
anaveira@actus.fr
Dov Lévy
Investor Relations & Corporate Development
Tel.: +33 1 5669 2652
dov.levy@akka.eu
Marie-Claude Triquet
Press Relations
Tel.: +33 4 7218 0493
mctriquet@actus.fr
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