Categories: Market

Billion-dollar deal: Airbus bid for Atos’ cyber data business

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Airplane maker Airbus wants to buy the cybersecurity and data division of struggling French IT services provider Atos. Airbus values ​​the business at between 1.5 and 1.8 billion euros, including debt. (archive image)

Atos announced this on Wednesday. Atos also received another non-binding offer that relates only to parts of the BDS business, so the company wants to prioritize negotiations with the aircraft maker. However, the talks are still at an early stage. “Financial Times” previously reported on a corresponding proposal.

Atos has been looking for a solution for some time due to losses and high debts in its traditional IT services business. The split into Big Data and Cybersecurity was initially planned for mid-2022. Atos’ traditional IT services business under the Tech Foundations name is now up for sale; Atos recently considered a capital raise and smaller share sales for its Eviden division, which includes its BDS business.

Atos’ cybersecurity business is considered security-related in France. The group’s supercomputers perform, among other things, simulation calculations of atomic bomb tests, which France no longer conducts with real nuclear weapons. Therefore, the division of Atos is politically controversial. Atos’ significant major shareholders are IT management consultancy Onepoint, with an 11 percent share, and Siemens Group, with just under 5 percent.

(SDA)

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Source :Blick

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