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Bezons, Bratislava, July 25, 2018 – Atos, the global leader in digital transformation, announced the global provider of integrated information technology and knowledge-based services takeover agreement , Syntel. The deal is worth about $ 3.4 billion. Atos means, among other things, the acquisition of a highly compatible portfolio and a new clientele.
Thierry Breton, CEO of Atos states: " I am proud to announce such an important step in the development of a leading position. The acquisition of Sytella, a leading digital company founded 38 years ago, fits perfectly with our strategic priorities. "For our Business & Platform Solutions division, it is a transformational step because its services Extensive digital and its revenue and cost synergies will dramatically improve its profitable growth and profile . "
With its innovative business model tailored to customers' challenges, Syntel achieved a high level of revenue growth. business of $ 924 million in 2017 – of which 89% in North America – and an operating margin of 25%. The group employs 23,000 engineers in 30 countries, including more than 18,000 in India. Synthell's entire management goes to Atos
The Synergy Group expects significant profits in terms of costs and revenues. Overall, the cost benefits are estimated at $ 120 million per year. A strong portfolio and the complementary client base of both companies will create a number of cross selling opportunities. By the end of 2021, these synergies would generate only $ 250 million, of which half of about 50% of operating margin by 2020.
The merger of the two companies will allow Atos d & # To offer its customers a unique portfolio of finished products. end of the digital transformation. This will result in already identified and enforceable initiatives to generate revenue synergies in the following areas:
· Use of Syntel's specific digital services portfolio, intelligent automation and IT upgrades for Atos customers in North America and Europe
· The portfolio of cyber security services, large data, IDM and other services of Atos for Syntel customers
Details of the acquisition are available at the following address:
https: / /atos.net/en/2018/press-release/general-press-releases_2018_07_22/atos-acquire-syntel
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O Atos
] Atos, with its some 100,000 employees in 73 countries and an annual business turnover of $ 12 billion Euros, is the world leader in digital transformation. Atos is a European unit in the fields of Big Data, Cybersecurity, High Performance Computing and Digital Workplace. It provides cloud services, infrastructure and data services as well as transaction services via Worldline, a European leader in payment services
its technological and digital expertise and its industrial expertise, Atos supports the digital transformation of its customers in all sectors of activity: financial services, manufacturing, media, energy and public services, defense, health, retail, telecommunication and transport
Atos started its activities in Slovakia after the acquisition of Siemens IT Solutions and Services in October 2010 under the name of Atos IT Solutions and Services, sro Atos Slovakia achieved a net turnover of 68 897 065 EUR in 2016 and employs 304 people in Bratislava, Prievidza, Košice and Banská Bystrica [19659010] The Atos Group is a global technology partner of the Olympic and Paralympic Games and operates under the Atos, Atos, Atos Worldgrid, Bull, Canopy, Unify and Worldline brands. Atos SE (Societas Europaea) is listed on the CAC40 Paris stock exchange
