PARIS, FRANCE: Atos, a global leader in digital transformation, has entered into exclusive negotiations with Lutech S.p.A. for the sale of its Italian operations (Atos Italia) with a 100% cash consideration.
Lutech, an Italian provider of IT services and solutions, is owned by funds advised by Apax Partners LLP, which will look to combine the two entities and create a new leading player in Italy.
The perimeter of the proposed transaction accounted for c. 2% of the total Group revenue in 2021, it does not include EuroHPC business in Italy which will be kept within 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 cash transaction executed at attractive conditions for the Atos Group. This additional transaction will enable us to secure 2/3rd of our €700 million divestment program which is well under way.
It demonstrates our ability to deliver on our commitments and to execute our transformation plan in a swift and efficient manner. The combined entity, as a leader in the Italian market, would offer strong opportunities 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 subject to the consultation of the relevant employee representative bodies and other customary regulatory approvals, with closing expected in H1 2023.
Atos is a global leader in digital transformation with 112,000 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 71 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.