Atos eyes €4.3bn Gemalto deal to create leader in cyber security

By Johan De Mulder

Atos, the leading French IT services provider, is preparing a €4.3bn bid for rival Gemalto.

The proposed merger would, according to Atos, create a global leader in the provision of online security, with companies globally growing increasingly concerned by the threat of cyber attacks.

Gemalto, a digital security specialist headquartered in Amsterdam, has suffered a turbulent year with four profit warnings leading to a share price drop of 38%.

See also:


"We believe that a combination of Atos and Gemalto would result in enhanced global leadership in cybersecurity, digital technologies and services," said Atos Chief Executive and Chairman Thierry Breton.

"Atos has carefully considered the interest of the stakeholders of the two groups, shareholders, employees, and customers which will all benefit from the proposed friendly transaction."

Gemalto is part-owned by state-backed French bank bpiFrance, which owns 8.3%, with bpiFrance having already back the proposed acquisition. Gemalto's customers include the likes of Amazon and Alibaba.

Share

Featured Articles

Musk’s multibillion hostile Twitter takeover – the timeline

As billionaire entrepreneur Elon Musk buys Twitter for US$44bn, we draw up a timeline, from the buying of shares to the critical tweets and unsolicited bid

Sustainable moves businesses can make to win customers, IBM

With half of consumers saying environmental sustainability is more important today than a year ago, businesses should up their eco action, says IBM report

Banks and consultancies top workplaces to grow career in UK

Financial and professional services firms rank highest in LinkedIn Top 25 best workplaces list – from Barclays, Lloyds and HSBC, to PwC, Deloitte and EY

Top 10 women in technology in Europe

Leadership & Strategy

The value of ESG links sustainability to business returns

Sustainability

Top 10 European football clubs by revenue 2022 – Deloitte

Corporate Finance