Atos in talks with French government amid restructuring
In a bid to safeguard critical technologies, France is negotiating the purchase of Atos’ advanced computing unit, a move seen as necessary for national security and the company’s restructuring.
The French government has initiated negotiations to acquire the advanced computing unit of IT firm Atos for €500M. This move seeks to safeguard critical technologies supporting the military and intelligence sectors. The agreement, which includes an initial payment of €150M, could rise to €625Mwith additional performance-based payouts. Atos’ advanced computing and cybersecurity operations generate €900M annually and employ 4,000 people.
Once a European tech leader, Atos has faced financial difficulties, with its survival hinging on an accelerated restructuring plan. The French state, emphasising national sovereignty, aims to maintain control over strategic assets. Finance Minister Antoine Armand stated that protecting key industrial activities is essential for ensuring the country’s security and independence.
The proposed deal reflects growing government interest in Atos’ assets, with nationalisation also being considered. Despite years of financial struggles, Atos shares surged 160% following the announcement, reflecting renewed investor optimism about its recovery and restructuring efforts.
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