Atos, an IT services company, and Siemens have completed the transaction pursuant to which Atos has acquired Siemens IT Solutions and Services GmbH, the holding company of all Siemens IT activities.
The deal creates a new company with proforma 2010 annual revenues of EUR 8.7bn and 78,500 employees across 42 countries.
The transaction was approved by Atos Extraordinary shareholders meeting by 99.99% of the shareholders.
The Bezons-based Atos has also confirmed that it has signed an IT outsourcing deal with Siemens worth EUR 5.5bn over seven years to take over management of all IT infrastructure, applications and services.
After a six month integration programme, which was set up to select the best practices from both companies, to identify the new portfolio and to align core operating processes, Atos is operating as one company with a newly appointed executive committee.
The company name changes from Atos Origin to Atos.
Siemens becomes an Atos shareholder with a 15% stake and the biggest Atos client.
In addition the two companies have formed a strategic global partnership to jointly develop new IT products and services and have both committed to investing 50 million Euros each.
Member of the managing board of Siemens AG Roland Busch has been appointed member of the Board of Directors of Atos. Didier Dhennin will become special advisor to the Chairman and CEO.
CEO and chairman Thierry Breton said the combination of Atos Origin & Siemens IT Solutions and Services marks an exciting evolution in the IT market.
Breton said, "With the combined expertise and knowledge of Siemens IT Solutions and Services and Atos Origin, we are uniquely positioned to help our clients in the new era of IT. At Atos, we have unrivalled expertise in transactional services and as the number one data centre provider in Europe, are best positioned to help our clients transfer smoothly to the Cloud to benefit from increased flexibility and reduced costs."
