Atos Sells Worldgrid to ALTEN in €270 Million Deal
Deal News | Nov 05, 2024 | Globenewswire
Atos, a worldwide leader in digital transformation, has announced a definitive agreement with ALTEN SA to sell its Worldgrid business unit. The transaction, valued at €270 million, is structured as a Share & Asset Purchase Agreement. Worldgrid, which specializes in consulting and engineering services for energy and utilities, has a workforce of approximately 1,100 employees and reported a 2023 revenue of roughly €170 million. ALTEN, recognized for its IT and engineering capabilities, particularly in the energy sector, is well-suited to handle Worldgrid's business operations, thus ensuring service continuity. Regulatory approvals have been secured and the completion is anticipated by the end of 2024. Atos, employing 82,000 individuals, focuses on cybersecurity, cloud, and high-performance computing, drives digital transformation across 69 countries, and prioritizes sustainable, secure solutions. This divestment aligns with its strategic focus, allowing Atos to continue its pioneering efforts in decarbonization and technological advancement across a global platform.
Sectors
- Digital Transformation
- Energy and Utilities Consulting
- Information Technology and Engineering Services
Geography
- France – Both Atos and ALTEN are headquartered in France, making it a primary geography for this transaction.
- Europe – The strategic divestment resonates within the European market, where Atos is a dominant player in digital services.
Industry
- Digital Transformation – Atos is a global leader in digital transformation, underscoring the significance of this industry in the sale.
- Energy and Utilities Consulting – Worldgrid offers consultancy services to the energy and utilities sector, positioning this industry as central to the transaction.
- Information Technology and Engineering Services – ALTEN is recognized for its IT and engineering offerings, highlighting this sector's importance to the deal.
Financials
- €270 million – Enterprise value for the sale of Worldgrid to ALTEN.
- €170 million – Worldgrid's revenue in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Atos | Selling Company | Company | A global digital transformation leader, selling its Worldgrid unit to focus on core operations. |
| ALTEN SA | Bidding Company | Company | An established IT and engineering firm specializing in the energy sector, acquiring Worldgrid to enhance its service portfolio. |
| Worldgrid | Target Company | Company | A business unit of Atos, offering consulting and engineering services to energy and utility companies. |