PARIS, FRANCE: Atos, a global leader in digital transformation, today announces that it has entered into exclusive negotiations with ALTEN SA 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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