“Atos Origin finalized the disposal of its Italian operations to Engineering”
Atos Origin, an international IT services company, finalized the disposal of its Italian operations to Engineering following the agreement signed on December 11th 2007.
The combination of the Italian operations of Engineering and Atos Origin creates an IT services leader in Italy. Atos Origin is glad to enter with this new leader into an Alliance Agreement allowing both companies to serve their Italian and International customers via the global capacity created by the Alliance.
The transaction price is EUR 45 million which will positively impact Atos Origin’s cash flow for the same amount. Atos Origin Italy reached revenues of EUR 261 million in 2007 and had 2,500 staff at 31 December 2007. The disposal of the Italian activities will have an immediate positive effect on the Group’s operating margin and net income. Taking into account the deconsolidation of pension liabilities for EUR 28 million, the transaction corresponds to an enterprise value of EUR 73 million.
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 5.8 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 Worldline and Atos Consulting.
For more information, please visit the company’s web site at http://www.atosorigin.com/
Contact for investors:
Tel: + 33 (0) 1 55 91 28 83,
Contact for press:
Tel: +33 (0) 1 55 91 26 33,