Atos signs binding agreement to sell Worldgrid to ALTEN for an enterprise value of €270 million
05 November 2024 - 7:45AM
UK Regulatory
Atos signs binding agreement to sell Worldgrid to ALTEN for an
enterprise value of €270 million
Press Release
Atos signs binding agreement to sell
Worldgrid to ALTEN for an enterprise value of €270
million
Paris, France – November 5, 2024
- Following its press release dated June 11, 2024, Atos, a
global leader in digital transformation, high-performance computing
and information technology infrastructure, today announces that it
has signed a Share & Asset Purchase Agreement with ALTEN SA
(“ALTEN”) for the sale of its Worldgrid business
unit for an 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.
Relevant social processes with employee
representative bodies are completed and approvals from regulators
have been received. The transaction is expected to close before the
end of 2024.
***
About
Atos
Atos is a global
leader in digital transformation with circa 82,000 employees and
annual revenue of circa €10 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
Sofiane El Amri | investors@atos.net | +33 6 29 34 85 67
Individual
shareholders: 0805 65 00 75
Press contact: globalprteam@atos.net
- PR - Binding agreement to sell Worldgrid to ALTEN - November 5
2024
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