PARIS, FRANCE: Atos, a global chief in digital transformation, has entered into unique negotiations with Lutech S.p.A. for the sale of its Italian operations (Atos Italia) with a 100% money consideration.
Lutech, an Italian supplier of IT services and solutions, is owned by funds suggested by Apax Partners LLP, which will look to mix the 2 entities and create a brand new main participant in Italy.
The perimeter of the proposed transaction accounted for c. 2% of the total Group income in 2021, it doesn’t include EuroHPC enterprise in Italy which will be kept inside the Atos Group1 and Unified Communications & Collaboration’s Italian operations.
Diane Galbe, Senior Executive Vice President of the Atos Group, said: “Nourdine, Philippe and I are proud of this proposed money transaction executed at attractive conditions for the Atos Group. This additional transaction will allow us to safe 2/3rd of our €700 million divestment program which is well under way.
It demonstrates our ability to ship on our commitments and to execute our transformation plan in a swift and environment friendly manner. The mixed entity, as a chief inside the Italian market, would offer strong alternatives to our Italian teams, with Atos Italia remaining a key partner of the Group for global operations and the EuroHPC contracts retained by the Atos Group.”
The proposed transaction is topic to the session of the related worker consultant our bodies and different customary regulatory approvals, with closing anticipated in H1 2023.
Atos is a global chief in digital transformation with 112,000 employees and annual income of c. € eleven billion. European primary in cybersecurity, cloud and high-performance computing, the Group provides tailor-made end-to-end options for all industries in seventy one countries. A pioneer in decarbonization services and products, Atos is dedicated to a safe and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.