“Endesa agrees to sell its 85 % stake in Mundivía to Atos Origin”
Madrid, 28th March 2005
Atos Origin, a leading international information technology services provider, today announced that Endesa has reached an agreement to sell its 85 % stake in Mundivía to Atos Origin. The remaining 15 % will continue to be owned by Sodercan, which has confirmed its commitment to developing the company.
The acquisition of Mundivía will enable Atos Origin to strengthen its presence in the energy sector and continue to build up a business relationship with the industry leaders of the Spanish Economy.
For Endesa this sale is part of the restructuring of its non-strategic assets. It will invest the funds in its core business of energy generation and distribution. This agreement consolidates the relationship between both companies.
Mundivía was set up in 1996 by Electra de Viesgo, Banco Santander and Sodercan. In 1999, after a restructuring of its ownership, the company came to be controlled 85% by Endesa and 15% by Sodercan, a company owned by the regional Cantabrian Government, Caja Cantabria (a savings bank) and The Cantabrian Chamber of Commerce.
The company, with more than 200 employees and headquarters in Santander, carries out an important activity in systems integration (specially in web environment) and outsourcing for clients in the energy and telecommunications sectors.
Atos Origin Iberia is responsible for the company activities in Spain, Portugal and Andorra, and employs 4,700 staff.
About Atos Origin
Atos Origin is an international information technology services company. Its business is turning client vision into results through the application of consulting, systems integration and managed operations. The company's annual revenues are more than EUR 5 billion and it employs over 46,000 people in 40 countries. Atos Origin is the Worldwide Information Technology Partner for the Olympic Games and has a client base of international blue-chip companies across all sectors. Atos Origin is quoted on the Paris Eurolist Market and trades as Atos Origin, AtosEuronext, Atos Worldline and Atos Consulting.
Contact for Investors:
John White, Tel: +33 (0) 1 55 91 26 32,