“Atos Origin divests its Middle East Operation”
Atos Origin, a leading international information technology services provider, today announced that it has reached agreement to sell its operation in the Middle East to local management, who have run the business since 2000. The new owners will continue to trade under the Atos Origin name for several years and provide extended support capability in the region for international clients of Atos Origin.
The Middle East operation, which is based in Bahrain, became part of the Group when Atos merged with Origin in 2000. It has a successful track record in implementing IT solutions, particularly in the Oil & Gas sector, although the majority of trading is with local clients and the operation does not provide support for Atos Origin's international clients on a material scale. It is for that reason that the Group has decided to sell the operation to local management.
Bernard Bourigeaud, Chairman of Atos Origin's Management Board and Chief Executive said, “This disposal takes to almost EUR 500 million the annualised revenues of businesses that we have divested since the acquisition of Sema in January 2004. The divestment programme is now effectively complete and we are fully focussed on achieving our commercial and strategic objectives”.
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, Atos Euronext Market Solutions, Atos Worldline and Atos Consulting.
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