The French tech major stated that it has no intention of purchasing or being involved in the assets of Atos and that it did not have any talks with the latter as well as with any third party or the French government about any acquisition
Capgemini does not intend to acquire Atos. (Credit: Rd.capgemini/Wikimedia Commons)
Capgemini has dismissed certain media speculations that it plans to acquire rival French IT service and consulting company Atos.
According to Capgemini, its publicly stated position about Atos is also applicable to any potential spin-off entities of the latter and to its various businesses.
Last month, Atos said that it is exploring a possible separation into two publicly listed firms with an aim to unlock value and execute a transformation plan.
One of the new companies to be created is expected to be Evidian, which will be engaged in digital transformation, cybersecurity, and big data markets. The other company will provide managed infrastructure services, digital workplace and professional service.
Capgemini stated that it has no intention of purchasing or being involved in the assets. The French IT company also said that it did not have any talks with Atos as well as with any third party or the French government regarding any acquisition.
Furthermore, Capgemini said that its management believes that Atos’ assets are not in line with the group strategy and development plan. This stand is supported unanimously by its board of directors, said Capgemini.
Last month, Atos sold its entire stake of 2.5% in Worldline, a French payment and transactional services company, to raise net proceeds of €220m. The sale was executed through an accelerated book building to institutional investors.
Capgemini, on the other hand, acquired Rufus Leonard, a British brand design and experience agency, in June 2022. Around this time in 2021, the French firm signed a deal worth around $172m to acquire Empired, an Australian cloud transformation and digital services provider.