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IT

European Commission clears Atos Origin's acquisition of SIS

Monday 28 March 2011 | 09:27 CET | News
IT group Atos Origin's acquisition of Siemens IT Solutions and Services (SIS) has received clearance from the European Commission. The US anti-trust authoriries made no observation during the relevant waiting period, thereby approving the transactions. Atos announced on 1 February the signature of a binding agreement to purchase the Siemens subsidiary. The transaction is expected to close by July subject to the approval of Atos Origin shareholders and the completion of other remaining conditions. When the deal was announced in December 2010, Siemens said it agreed to sell SIS Atos Origin for

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