Atos enters into exclusive negotiations with ALTEN for the sale of Worldgrid
June 11 2024 - 3:30PM
Atos enters into exclusive negotiations with ALTEN for the sale of
Worldgrid
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.
*
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.
***
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
- PR - Atos enters into exclusive negotiations with ALTEN for the
sale of Worldgrid
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