M&A Activity • Jul 1, 2011
M&A Activity
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Paris, 1st July 2011 – Atos, an international IT services company, and Siemens announced today that both companies have completed the transaction pursuant to which Atos has acquired Siemens IT Solutions and Services GmbH, the holding company of all Siemens IT activities.
All conditions precedent for this transaction have now been completed, the last step was the approval of the transaction by Atos shareholders at the Atos Extraordinary Shareholders meeting held today.
The Atos Extraordinary Shareholders Meeting has in particular approved the following resolutions:
The deal creates a new company with proforma 2010 annual revenues of EUR 8.7 billion and 78,500 employees across 42 countries.
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Atos is an international information technology services company with annual revenues of EUR 8.7 billion and 78,500 employees in 42 countries. Serving a global client base, it delivers hi-tech transactional services, consulting, systems integration and managed services.
Atos is focused on business technology that powers progress and helps organizations to create their firm of the future. It is the Worldwide Information Technology Partner for the Olympic Games and is quoted on the Paris Eurolist Market. Atos operates under the brands Atos, Atos Consulting, Atos Worldline and Atos WorldGrid. For more information, visit: atos.net
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. For over 160 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is the world's largest provider of environmental technologies. More than one-third of its total revenue stems from green products and solutions. In fiscal 2010, which ended on September 30, 2010, revenue from continuing operations (excluding Osram and Siemens IT Solutions and Services) totaled €69 billion and net income from continuing operations €4.3 billion. At the end of September 2010, Siemens had around 336,000 employees worldwide on the basis of continuing operations. Further information is available on the Internet at: www.siemens.com.
ATOS CONTACT: Press : Caroline Crouch - Tel +44 77 333 100 86 – [email protected] Investors : Gilles Arditti - Tel +33 (0) 1 73 26 00 66 – [email protected]
SIEMENS CONTACT: Ivonne Junghaenel – Tel : +49 (89) 636-33929 - [email protected]
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