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Atos enters into exclusive negotiations with ALTEN for the sale of Worldgrid
ソース: Nasdaq GlobeNewswire / 11 6 2024 16:30:00 America/New_York
Press Release
Atos enters into exclusive negotiations with ALTEN for the sale of Worldgrid
Paris, France – June 11, 2024 – Atos, a global leader in digital transformation, today announces that it has entered into exclusive negotiations with ALTEN SA (“ALTEN”) for the sale of its Worldgrid business unit for a binding enterprise value of €270 million.
Worldgrid provides consulting and engineering services to energy and utility companies. The business currently employs close to 1,100 employees and, in 2023, it generated revenue of circa €170 million from a diverse and longstanding client base.
ALTEN is a well-recognized IT and engineering player with expertise and product offerings in the energy and utilities industry. The contemplated transaction would ensure full continuity of service for Worldgrid’s strategic clients and employees.
Emmanuel Besse, Head of Worldgrid, said: “We look forward to join ALTEN delivering unique solutions to energy and utilities clients. Our combined strengths will position us as partner of choice for the implementation of business-critical systems for our clients”.
Simon Azoulay, Chairman and Chief Executive Officer of ALTEN, said: “Worldgrid is a unique company whose know-how and expertise are universally recognized. Its positioning would strengthen and complement ALTEN’s presence in the energy and utilities sector. Combining both businesses would reinforce our relationships with our strategic customers, especially in the nuclear field, by offering a wide range of value-added services”.
The transaction is expected to close before the end of 2024 and is subject to the consultation of the relevant employee representative bodies and other customary regulatory approvals.
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Atos confirms that information that could be qualified as inside information within the meaning of Regulation No. 596/2014 of 16 April 2014 on market abuse and that may have been given on a confidential basis to its financial creditors has been published to the market, either in the past or in the context of this press release, with the aim of re-establishing equal access to information relating to the Atos Group between the investors.
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Disclaimer
This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group’s expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors’ behaviors. Any forward-looking statements made in this document are statements about Atos’s beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Atos’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2023 Universal Registration Document filed with the Autorité des Marchés Financiers (AMF) on May 24, 2024 under the registration number D.24-0429. Atos does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law. This document does not contain or constitute an offer of Atos’s shares for sale or an invitation or inducement to invest in Atos’s shares in France, the United States of America or any other jurisdiction.
This document includes information on specific transactions that shall be considered as projects only. In particular, any decision relating to the information or projects mentioned in this document and their terms and conditions will only be made after the ongoing in-depth analysis considering tax, legal, operational, finance, HR and all other relevant aspects have been completed and will be subject to general market conditions and other customary conditions, including governance bodies and shareholders’ approval as well as appropriate processes with the relevant employee representative bodies in accordance with applicable laws.
About Atos
Atos is a global leader in digital transformation with c. 94,000 employees and annual revenue of c. € 11 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea), and listed on Euronext Paris.
The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.
Contacts
Investor relations: David Pierre-Kahn | investors@atos.net | +33 6 28 51 45 96
Individual shareholders: 0805 65 00 75
Press contact: globalprteam@atos.net
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