“EU Commission approves the acquisition of Siemens IT Solutions and Services by Atos Origin”
Paris, 25th March 2011
Atos Origin, an international IT services company, after having announced on February 1st, 2011, the signature of a final binding agreement to acquire Siemens IT Solutions and Services with Siemens AG, obtains today clearance from the European Commission to proceed. The transaction is also approved by the US anti-trust authorities in the absence of any observation during the relevant waiting period.
The transaction is expected to close by July 2011, subject to the completion of the remaining condition precedents of the deal, among which the Atos Origin shareholders approval at an Extraordinary Shareholders Meeting.
About Atos Origin
Atos Origin is a leading international Information Technology (IT) services company, providing Hi-Tech Transactional Services, Consulting, Systems Integration and Managed Services to deliver business outcomes globally. The company's annual revenues are EUR 5.0 billion and it employs 49,000 people. Atos Origin is the Worldwide Information Technology Partner for the Olympic Games and has a client base of international companies across all sectors. Atos Origin is quoted on the
Paris Eurolist Market and trades as Atos Origin, Atos Worldline and Atos Consulting.