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French State in Exclusive Talks to Acquire Atos's Advanced Computing Division for €500M, Potential €625M

Nov 25, 2024, 08:07 AM

Atos, the French IT company, has entered into exclusive negotiations with the French state for the potential sale of its advanced computing division. The French government has submitted a non-binding bid estimated at €500 million for this strategic activity, with the total deal value potentially reaching €625 million including earn-outs. The acquisition is seen as crucial for France's digital sovereignty, particularly in areas like defense and innovation. The deal involves high-performance servers and supercomputers, technologies deemed critical for national security and economic growth. Atos's shares have seen a positive impact, with Factset Research Systems shares rising 1.14% premarket following the announcement.