Atos agrees acquisition of Syntel for USD 3.4 bln, posts 1.5% organic revenue growth in Q2

Monday 23 July 2018 | 10:45 CET | News
French ICT group Atos has agreed to buy US-based IT company Syntel in an all-cash transaction valued at USD 3.4 billion. The acquisition, expected to close by year-end, aims to strengthen Atos' presence in the North American market, bringing to the group a portfolio of digital and proprietary products spanning cloud, social media, mobile, analytics, IoT, and automation. The announcement of the deal coincided with the release of Atos' latest financial results, which saw organic revenue growth ease to 1.5 percent in the second quarter (+2% in Q1), based on revenues of EUR 3.06 billion.

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Categories: IT
Companies: Atos
Countries: World
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