“Atos Origin and Engineering have signed definitive agreements whereby Engineering will acquire the operations of Atos Origin in Italy”
Paris, 11 December 2007
Atos Origin, an international IT services company, and Engineering Ingegneria Informatica s.p.a, have signed definitive agreements whereby Engineering will acquire the operations of Atos Origin in Italy. The transaction price is EUR 45 million in cash and the closing is subject to antitrust approval.
The transaction will create an IT services leader in Italy. The companies will enter into an Alliance Agreement allowing both companies to serve their Italian and International customers via the global capacity created by the Alliance.
“By creating an IT services leader in Italy and through our Global Alliance Agreement we will be able to reinforce our capacities to deliver locally and globally high quality and innovative services to our customers.” said together Philippe Germond, CEO of Atos Origin, and Michele Cinaglia, Chairman of Engineering.
Philippe Germond, CEO of Atos Origin, added: ”This transaction clearly demonstrates our determination to manage our portfolio of assets. The disposal of Atos Origin activities in Italy will have an immediate positive effect on the Group's margin and organic growth.”
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 EUR 5.4 billion and it employs 50,000 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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