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

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


EC geeft groen licht aan overname SIS door Atos

Published 29 Mar 2011 08:53 CET | Europe
De Europese Commissie heeft haar goedkeuring gegeven aan de aankoop van Siemens IT Solutions en Services door Atos Origin. Ook de ...

Atos Origin increases profit despite lower revenues in 2010

Published 16 Feb 2011 09:07 CET | World
French-headquartered international IT services group Atos Origin reported revenues down 3.5 percent to EUR 5.02 billion in 2010, ...

Atos Origin signs final binding deal to acquire SIS

Published 02 Feb 2011 10:43 CET | World
Global IT services company Atos Origin has signed a final binding agreement with Siemens to acquire Siemens IT Solutions and ...

Siemens supervisory board to resist SIS job cuts

Published 20 Dec 2010 12:05 CET | Germany
The supervisory board of Siemens says it will resist planned job cuts at IT services provider Siemens IT Solutions and Services ...

Atos Origin to buy Siemens IT services division

Published 15 Dec 2010 08:51 CET | Europe
Siemens has agreed to sell its unit Siemens IT Solutions and Services to Atos Origin for EUR 850 million. As part of the deal, ...