Airbus in talks to buy Atos cyber unit for up to €1.8bn
Airbus Group N.V.
€140.45
10:09 05/11/24
French aerospace giant Airbus is in early discussions to purchase a big data and cyber business from Atos for up to €1.8bn, the IT group announced on Wednesday.
Atos
€0.68
09:59 05/11/24
CAC 40
7,377.41
10:10 05/11/24
DJ EURO STOXX 50
4,852.10
23:58 04/11/24
Airbus had previously attempted to buy a minority stake in the Atos division Eviden, which houses the BDS unit in question along with its cloud-computing activities, but the deal faced investor obstacles.
Atos has now confirmed that Airbus is entering due diligence over a potential sale of BDS that gives it an enterprise value of between €1.5bn to €1.8bn.
Airbus is wanting to beef up its defence and security operations, while Atos is looking for help to cut its debtload with €2.25bn maturing in 2025.
Separately, Atos said it is still in talks with EP Equity Investment to offload its Tech Foundations unit and hasn't ruled out any other additional disposals.