(Boursier.com) – The title Atos gained more than 6% to 63.5 euros on the Paris market Friday, buoyed by the announcement of its proposed acquisition of IT outsourcing group activity US Xerox. The amount of the transaction amounted to 840 million euros. It “could be increased by € 40 million at the time of signature based on certain elements that are not specified,” said Atos. The transaction is expected to close in the second half of 2015 …
United States as the largest market
Atos emphasizes that the IT sector Xerox achieved a turnover estimated at € 1.05 billion in 2014 and employs approximately 9,800 people in 45 countries, including 4,500 in the United States. With this operation, the French group thinks triple its size in the US, which will become its biggest market, from a turnover of 600 million euros to 1.7 billion euros. The share of income made in the USA should indeed stand at 17% against 6% today.
hailed Operation
Analysts welcomed this morning the operation. Bryan, Garnier & amp; Co notes that it will allow Atos to rank in the top 5 IT companies. For its part, Kepler Cheuvreux estimates that this operation is going in the “right direction.” “The price paid is quite honest,” considers the analyst. In addition to its expansion in the US, he notes that Atos will also be able to expand its presence in India, the Philippines and Mexico where ITO Xerox employs more than 3,800 people …
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