On November 17, 2022, Atos, a Paris, France-based digital transformation company, announced it entered into exclusive negotiations with Lutech S.p.A., an Italian provider of IT services and solutions, for the sale of its Italian operations (“Atos Italia”) with a 100% cash consideration.
With the proposed transaction, 2/3rd of Atos’ €700m assets divestiture program would be secured in less than 5 months. The deal is subject to the consultation of the relevant employee representative bodies and other customary regulatory approvals, with closing expected in H1 2023.
Lutech is owned by funds advised by Apax Partners LLP, which will look to combine the two entities and create a new leading player in Italy. The perimeter of the proposed transaction accounted for c. 2% of the total Group revenue in 2021, it does not include EuroHPC business in Italy which will be kept within the Atos Group and Unified Communications & Collaboration’s Italian operations.
Atos is a digital transformation company with 112,000 employees and annual revenue of c. € 11 billion. The group provides tailored end-to-end cybersecurity, cloud and high-performance computing solutions for all industries in 71 countries. Atos is a SE (Societas Europaea) and listed on Euronext Paris.
FinSMEs
28/11/2022