30.06.2015 22:17:20

Atos completes acquisition of Xerox ITO

Atos completes acquisition of Xerox ITO

 

 

Reinforcing its position as a global leader in digital services

 

 

 

Bezons, June 30, 2015 - Atos, an international leader in digital services, today announced that it has completed the acquisition of Xerox ITO which reinforces its position as a global leader in digital services.

 

The net purchase price totaled US$ 966 million (€ 811 million), composed of US$ 950 million and an additional amount of US$ 50 million following the occurrence of certain events prior to closing, plus US$100 million representing the estimated present value of future tax benefits to Atos. Net debt items and closing adjustments amounted to US$ 134 million to be confirmed within 90 days.

 

With circa US$ 2 billion revenue, North America becomes the largest geography for Atos where it is now ranked number 9 in ITO services.

 

Since the announcement of the acquisition in December 2014, Atos and Xerox ITO teams have worked together to ensure operational readiness on the first day after closing. As a result, Atos now has the ability to offer its European and US clients the necessary presence to better support their digital transformation needs anywhere in the world. Atos will leverage the Xerox ITO customer centric approach and Atos' industrial capacities and portfolio of cutting-edge services and technologies, particularly in Cloud, Big Data, Cyber-security, and in High Power Computing to support clients handle the massive volumes of data generated in the digital world.

 

As announced at the time of signing, Atos today enters into a worldwide strategic collaboration with Xerox - a global business services, technology, and document management company - and becomes one of Xerox's primary IT services providers.

 

Commenting on the finalization of the deal, Thierry Breton, Chairman and CEO said: "Today marks a major step in the development of the Atos Group, as we welcome 9,600 Xerox ITO employees to Atos. With the US now our largest market, we have a stronger and more balanced global presence, which combined with our digital skills, allows us to be the trusted partner for our clients' digital journey anywhere in the world."

 

Michel-Alain Proch, Group SEVP, who has been appointed CEO for North America operations added: "Together with Xerox teams, we have worked extensively to be ready from day one post-closing and we are now fully operational to ensure continued delivery of services to our clients while at the same time leveraging the combined strengths of the two groups for profitable growth."

Contacts

 

Investor Relations:    Gilles Arditti                  Tel +33 (0) 1 73 26 00 66

                                                                        gilles.arditti@atos.net

 

Benoit d'Amécourt        +33 (0)1 73 26 02 27

                                                                        benoit.damecourt@atos.net

 

Press:                          Caroline Crouch            Tel +44 77 333 100 86

                                                                        caroline.crouch@atos.net


 

 

 

About Atos

Atos SE (Societas Europaea) is a leader in digital services with 2014 pro forma annual revenue of circa     € 11 billion and 93,000 employees in 72 countries. Serving a global client base, the Group provides Consulting & Systems Integration services, Managed Services & BPO, Cloud operations, Big Data & Cyber-security solutions, as well as transactional services through Worldline, the European leader in the payments and transactional services industry. With its deep technology expertise and industry knowledge, the Group works with clients across different business sectors: Defense, Financial Services, Health, Manufacturing, Media, Utilities, Public sector, Retail, Telecommunications, and Transportation.

 

Atos is focused on business technology that powers progress and helps organizations to create their firm of the future. The Group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and is listed on the Euronext Paris market. Atos operates under the brands Atos, Atos Consulting, Atos Worldgrid, Bull, Canopy, and Worldline.

 

For more information, visit: atos.net.

 

 

Disclaimers

 

This document contains further forward-looking statements that involve risks and uncertainties concerning the Group's expected growth and profitability in the future. 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 2014 Reference Document filed with the Autorité des Marchés Financiers (AMF) on April 1, 2015 under the registration number: D15-0277.

 

This document does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction.





This announcement is distributed by Nasdaq OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ATOS via Globenewswire

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