Atos Finalizes Worldgrid Sale to ALTEN for €270 Million

Atos Finalizes Sale of Worldgrid Business Unit

Atos, a prominent global player in digital transformation and IT infrastructure, has made significant strides by finalizing the sale of its Worldgrid business unit to ALTEN for an impressive enterprise value of €270 million. This transition marks a notable milestone for Atos as it continues to streamline its operations and enhance its financial standing.

Details of the Transaction

The binding agreement for this notable transaction was established on November 5, following exclusive negotiations that began on June 11. The decision to sell the Worldgrid division, which provides specialized consulting and engineering services primarily to energy and utility companies, has been part of Atos's strategic realignment to focus on areas of higher potential growth.

Worldgrid is a vital component of the energy sector, currently employing nearly 1,100 professionals. In 2023, this unit generated approximately €170 million in revenues from an established and diverse client portfolio. This sale allows ALTEN, recognized for its expertise within the energy and utilities sectors, to absorb the business while ensuring continuity of service for Worldgrid’s clients.

Implications of the Sale for Atos

The implications of the sale are significant for Atos. Following this divestment, the company anticipates a reduction in its net debt by around €0.2 billion. This positive adjustment is expected to have a favorable impact on Atos's financials, with projected leverage for 2027 expected to be approximately 1.7x. This organizational shift represents Atos's ongoing commitment to optimizing its financial health and operational efficiency.

About Atos and Its Vision

Atos stands as a global leader with a workforce of around 82,000 employees and an annual revenue nearing €10 billion. This corporation excels in cybersecurity, cloud solutions, and high-performance computing, delivering tailored end-to-end solutions across various industries in 69 countries. As a pioneering entity in decarbonization services and products, Atos is dedicated to promoting a secure, sustainable digital environment for its clients while fostering technological advances that benefit society.

The core mission of Atos is to design the future of the information space. Their vast expertise enhances the realms of knowledge, education, and research through multicultural perspectives, all while driving scientific and technological excellence on a global scale.

Contacting Atos

For investor inquiries, those interested can reach out to David Pierre-Kahn at +33 6 28 51 45 96 or contact Sofiane El Amri at +33 6 29 34 85 67. Individual shareholders can also easily get in touch through the dedicated line at 0805 65 00 75. Communication with the press can be routed through globalprteam@atos.net.

Frequently Asked Questions

What does the sale of Worldgrid mean for Atos?

The sale reduces Atos's net debt and allows the company to focus on higher-growth areas while maintaining financial stability.

How much was the enterprise value of the Worldgrid sale?

The enterprise value of the sale to ALTEN was €270 million, marking a significant transaction for Atos.

What is the focus of Atos in the digital transformation space?

Atos aims to lead in digital transformation, providing solutions in cybersecurity, cloud services, and high-performance computing across industries.

What does Worldgrid specialize in?

Worldgrid specializes in consulting and engineering services tailored for the energy and utilities sector, serving a diverse clientele.

How many employees does Atos have?

Atos employs approximately 82,000 individuals around the globe, contributing to its status as a major player in the tech sector.

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