“Atos Origin sells its Hungarian operation to Synergon”
Atos Origin, a leading international information technology services provider, today announced that it has signed an agreement under which it will sell its operations in Hungary to Synergon Information Systems plc. The transaction remains subject to regulatory clearance from the Hungarian Competition Office but is expected to complete by no later than the end of October 2003.
Atos Origin will sell its wholly-owned Hungarian subsidiary – Atos Origin Information Technology Kft. – to Synergon and enter into a partnership agreement under which Synergon will provide a full range of support services for Atos Origin’s global clients in Hungary
Consideration for the sale is not disclosed but Atos Origin’s revenues in Hungary are currently less than EUR 5 million per annum.
About Atos Origin
Atos Origin is an international information technology services provider. Its business is turning client vision into results through the application of consulting, systems integration and managed operations, including outsourcing and on-line services. In August 2002, Atos Origin acquired KPMG Consulting in the UK and The Netherlands, trading as Atos KPMG Consulting. The company generates annual revenues of EUR 3 billion and employs 28,000 staff in 30 countries. The Group’s client list includes major companies such as ABN AMRO, Akzo-Nobel, Alstom, BNP Paribas, BP, Euronext, Fiat, ICI, ING, KPN, Lucent, Philips, Renault,
Royal Bank of Scotland, Saudi Aramco, Shell, UBS Warburg, Unilever, Vivendi Universal, Vodafone and Wolters Kluwer.
Synergon Information Systems Plc Is a leading solutions provider in Hungary. The Company is listed on the Budapest Stock Exchange and SEAQ, London. In 2001, Synergon acquired majority ownership of Infinity a.s. in the Czech Republic and Span d.o.o. in Croatia and the Company has a strategic goal of becoming one of the leading IT service providers in the Central-Eastern European market.
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