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ROTEC Rotec and AKKA Technologies, a leading European group, will join effort to develop engineering in Russia

ROTEC JSC and the European leader in the mobility segment AKKA Technologies are setting up a joint venture to create their joint footprint in the Russian market. The JV will focus on engineering and innovative projects for mobility sectors and other industries, with localization of the world’s most advanced technologies in Russia in engineering and technical consulting, design, production engineering, and industrial design.

The signature of a shareholders agreement has taken place during the “Open Innovations” Forum being held in Moscow these days.

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Maurice Ricci, Chairman of the Board and CEO of AKKA Technologies: “Driven by our Passion for Technologies, AKKA Technologies stands a unique position with 12 000 innovation leaders, spread over the European, Asian and American continents. We work with major clients in their quest for innovation and productivity, thanks to dedicated-excellence-centers and turnkey know-how solutions. Today with its signature, in accordance with our Group’s strategy, we achieve our ambition to reinforce our activities all over the world, focused on the development of Engineering and consulting activities.

Mikhail Lifshitz, CEO of ROTEC JSC, “This amalgamation of efforts of one of Europe’s leading engineering groups and its Russian partner with extensive experience in power machine building and engineering will have a tremendous effect on the development of the industry and will make it easier for Russian companies to access the most advanced technologies. The pool of projects we are already focused on includes, among other things, engineering of environmentally friendly motor transport, development of design systems, and engineering optimization for aviation and other industries”.

AKKA Technologies (www.akka.eu)

An engineering and technology consultancy and European leader in the mobility segment, AKKA Technologies operates in 20 countries through 21 centers of excellence building on expertise and synergies forged across the entire Group. Driven by a determination to innovate and a passion for technology, it combines an entrepreneurial spirit with a consistent and visionary strategy. Its understanding of the challenges facing its customers and its positioning across the entire product life cycle enable it to assist major customers on high value-added turnkey projects. With a differentiating positioning symbolized above all by the AKKA Research in-house research center and a broad international footprint around its unique Franco-German base, AKKA Technologies is poised to become the best in class in large transnational contracts. With nearly 12,000 innovation leaders, AKKA Technologies delivered revenue of €885.6 million in 2014, 50% of which internationally. It aims to lift this to €1.2 billion by 2018.

ROTEC JSC delivers engineering services and develops high-tech projects in a variety of industries, including energy machine building, aviation engine building, and automotive. It manufactures and supplies power equipment, as well as gas and steam turbine repair and maintenance services.

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