Atos Sells Worldgrid to ALTEN in 270 Million Euro Deal

Deal News | Nov 05, 2024 | Globenewswire

Atos, a global leader in digital transformation, has signed a binding agreement to sell its Worldgrid business to ALTEN SA for an enterprise value of 270 million euros. Worldgrid, which offers consulting and engineering services to the energy and utilities sector, generated approximately 170 million euros in revenue in 2023 and employs around 1,100 people. The transaction will ensure continuity for Worldgrid's strategic clients and employees. The deal has received necessary regulatory and staff representative approvals and is expected to close by the end of 2024. This move aligns with Atos's broader strategy as it continues to focus on its core digital transformation offerings, while ALTEN strengthens its foothold in the energy and utilities sector.

Sectors

Digital Transformation
Energy and Utilities
Engineering

Geography

France – Both Atos and ALTEN are headquartered in France, and the transaction primarily involves French companies.
Europe – Atos is a European leader in various digital services, impacting a broad geographic area.

Industry

Digital Transformation – Atos is a leader in digital transformation, focusing on areas like cloud computing and cybersecurity.
Energy and Utilities – Worldgrid provides consulting and engineering services to companies in the energy and utilities sector.
Engineering – ALTEN specializes in IT and engineering, enhancing its services in the energy sector through this acquisition.

Financials

270 million euros – The enterprise value of the Worldgrid transaction with ALTEN.

Participants

Name	Role	Type	Description
Atos	Selling Company	Company	A global leader in digital transformation, Atos focuses on high-performance computing and IT.
Worldgrid	Target Company	Company	Provides consulting and engineering services to the energy and utilities sector.
ALTEN SA	Acquiring Company	Company	A recognized player in IT and engineering, specializing in energy and utilities.