The French government is continuing its strategic acquisitions. After nationalizing the submarine telecoms cable manufacturer ASN for €350 million in November 2024, the Finance and Economy Ministery announced on Monday, June 2, that it had submitted an offer to acquire the advanced computing division of the tech firm Atos. The company has accepted the offer. “This step paves the way for the signing of a binding agreement in the coming weeks,” the ministry stated. The government is expected to take full control by mid-2026, allowing time to complete all of the necessary legal steps. Negotiations had been underway since November 2024.
The enterprise value of these operations is €410 million, of which €110 million consists of additional payments based on profitability indicators for the 2025 and 2026 fiscal years. The amount is below the €500-625 million range announced when negotiations began. Atos said that the difference “reflects the narrower scope of the transaction.” The deal does not include the Vision AI division, including the British video analytics start-up Ipsotek, acquired by Atos in 2021, which will remain with the tech company.
You have 67.01% of this article left to read. The rest is for subscribers only.
