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IT

Atos Origin to buy Siemens IT services division

Wednesday 15 December 2010 | 08:51 CET | News
Siemens has agreed to sell its unit Siemens IT Solutions and Services to Atos Origin for EUR 850 million. As part of the deal, Siemens is acquiring a 15 percent stake in Atos Origin, which it will hold on to for at least five years. Siemens will receive 12.5 million new Atos Origin shares worth currently EUR 414 million, a five-year convertible bond of EUR 250 million and a cash payment of approximately EUR 186 million. The transaction is expected to close by July 2011, pending works council consultation, antitrust approval and a vote by from Atos Origin shareholders planned for the end of

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Categories: IT
Companies: Atos Nederland / Siemens / Siemens IT Solutions and Services
Countries: Europe / Germany
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