Fuente: www.consultant-news.com Fecha: 16.12.2010
Atos Origin and Siemens to create a European IT Champion
Atos Origin has agreed to acquire Siemens IT Solutions and Services for a total sum of €850 million with the aim to create a European IT champion. Siemens will become for a period of at least five years a sustainable shareholder of Atos Origin with a 15% stake. The transaction will create a leading IT services company with pro forma 2010 revenues of approximately €8.7billion and 78,500 employees worldwide.
As part of the transaction, Siemens concluded a seven-year outsourcing contract worth around €5.5 billion, under which Atos Origin will provide Managed Services and Systems Integration to Siemens.
The new company will operate the largest European managed services platforms, will be uniquely positioned to deliver cloud computing services, market leading System Integration solutions such as Consolidation & Harmonization, Energy, PLM and to enhance significantly its electronic payments and transaction based activities.
In exchange for Siemens IT Solutions and Services Siemens will receive approximately 12.5 million of Atos Origin shares currently at €414 million, a five year convertible bond of €250 million and a cash payment of approximately €186 million.
The new company is expected to generate revenue growth in line with market growth in 2011 and with a 6% operating margin. The new company is expected to generate revenues between €9 to €10 billion and 7 to 8 % in operating margin by 2013.
The transaction is expected to close by early July 2011 after the consultation with the Working Council of Atos Origin, Antitrust approval and the approval from Atos Origin Shareholders at an Extraordinary Shareholders Meeting planned for the end of June 2011.
The sales power of Siemens One will strengthen the new company and should lead to an increase of future revenues. Atos Origin and Siemens will jointly develop new IT products and solutions for which both parties are committed to investing 50 million Euros each. The partnership agreement will provide significant development opportunities in hi-tech transactional Services and growing sectors such as healthcare, energy, transport or manufacturing.
Thierry Breton, Chairman of the Board and CEO of Atos Origin: “Today marks the start of a very solid and promising long term industrial alliance be-tween Atos Origin and Siemens that will create a most attractive powerhouse in IT and hi-tech transactional Services in Europe. We are opening a wide field of new business and development opportunities to shape the future of IT for both our customers and employees. I am confident that the value generated by this partnership will be reward-ing for all our shareholders, including Siemens.”
Peter Löscher, President and Chief Executive Officer of Siemens: “We are creating a European Champion. The two organisations benefit from out-standing complementarities regarding customer base, geographies and services. As a future sustainable shareholder and strategic partner of the new company we demonstrate our confidence in the value add created by this transaction for the Siemens IT Solutions and Services employees, our shareholders and customers. We will jointly develop new IT products and solutions and strengthen the innovation power of the new company. For the next seven years the new company will also be responsible for the service of the IT backbone of Siemens.”