Atos Completes Sale of Worldgrid to ALTEN for €270 Million
Deal News | Dec 02, 2024 | Globenewswire
Atos, a global leader in digital transformation, has completed the sale of its Worldgrid business unit to ALTEN SA for an enterprise value of €270 million. Announced on December 2, 2024, this transaction follows an earlier binding agreement signed in November 2024, after exclusive negotiations began in June. Worldgrid, which offers consulting and engineering services to energy and utility companies and employs around 1,100 people, generated approximately €170 million in revenue in 2023. This transaction is expected to reduce Atos' net debt by around €200 million, improving its financial leverage to about 1.7x by 2027. ALTEN, recognized for its IT and engineering expertise, is set to maintain service continuity for Worldgrid's clients and employees. The deal aligns with Atos' strategic priorities, positioning Atos for a more secure and decarbonized digital future, while strengthening ALTEN's footprint in the energy and utilities industry.
Sectors
- Consulting and Engineering Services
- Energy and Utilities
- Digital Transformation and IT
Geography
- France – Both Atos and ALTEN are based in France, indicating the transaction's significant impact within the country.
- Europe – Atos operates across the European region, marking this geography as crucial, particularly as the European leader in cybersecurity and high-performance computing.
Industry
- Consulting and Engineering Services – Worldgrid provides consulting and engineering services, indicating the industry's relevance to the services Worldgrid offers.
- Energy and Utilities – Worldgrid's focus on serving energy and utility companies emphasizes the importance of this sector in the transaction.
- Digital Transformation and IT – Atos is a leader in digital transformation and IT, setting the broader industry context for the company's operations and strategic decisions.
Financials
- €270 million – Enterprise value of the Worldgrid sale transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Atos | Vendor | Company | A global leader in digital transformation, selling its Worldgrid business unit. |
| Worldgrid | Target Company | Company | Provides consulting and engineering services to energy and utility companies. |
| ALTEN SA | Buyer | Company | An established IT and engineering firm acquiring Worldgrid to enhance its offerings in the energy and utilities sector. |