Atos Completes Sale of Worldgrid to ALTEN for €270 Million
Deal News | Dec 02, 2024 | Globenewswire
Atos, a global leader in digital transformation, high-performance computing, and IT infrastructure, has finalized the sale of its Worldgrid business to ALTEN for an enterprise value of €270 million. The agreement followed exclusive negotiations which began in June 2024 and the signing of a binding agreement on November 5, 2024. Worldgrid, a consultancy and engineering services provider in the energy and utilities sector, has approximately 1,100 employees and reported revenues of around €170 million in 2023. ALTEN, known for its expertise in IT and engineering, particularly in the energy and utilities sector, structured the deal to ensure continuity for Worldgrid's clients and employees. This transaction will reduce Atos's net debt by approximately €0.2 billion and is expected to impact its financial leverage. Atos, headquartered in Paris, operates in 69 countries, providing integrated solutions across sectors and promoting decarbonization in its digital services.
Sectors
- Information Technology
- Energy and Utilities
Geography
- France – Both Atos and ALTEN are based in Paris, France, and the transaction involving Worldgrid is occurring between these French entities.
- Europe – Atos operates primarily across Europe, and the article discusses changes in its European operations.
Industry
- Information Technology – The article involves Atos and ALTEN, both of which are recognized in the realm of IT services and digital transformation.
- Energy and Utilities – Worldgrid's services focus on consultancy and engineering within the energy and utilities sector, which is central to the transaction.
Financials
- €270 million – Enterprise value of the transaction between Atos and ALTEN concerning the sale of Worldgrid.
- €0.2 billion – Reduction in Atos's net debt resulting from the sale of Worldgrid.
- €170 million – Revenue generated by Worldgrid in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Atos | Seller | Company | A global leader in digital transformation with a strong presence in digital, cloud, and cybersecurity services. |
| Worldgrid | Target Company | Company | Offers consultancy and engineering services in the energy and utilities sector, part of Atos before the sale. |
| ALTEN | Buyer | Company | An established player in IT and engineering services, acquiring Worldgrid to enhance its offerings in the energy sector. |