The division consists of the corporate’s synthetic intelligence actions and its supercomputers, which can be utilized for nuclear deterrence.
The French authorities has made a non-binding bid for Atos’ superior computing enterprise, valuing the unit at €500m.
The division consists of the corporate’s synthetic intelligence actions and its supercomputers, which can be utilized for nuclear deterrence.
The department employs 2,500 workers and generated a income of round €570m in 2023.
The supply, which expires on the finish of Might, might permit Atos to reap as much as €625m by performance-based bonuses.
An preliminary €150m may also be made out there upon the potential signing of the deal, Atos revealed in a press assertion.
Piled with debt
In September, the French IT agency reduce its outlook for the 12 months and lowered its income and working margin targets for 2027.
The corporate now forecasts a income of €9.7bn for 2024, in contrast with the earlier estimate of €9.8bn.
Stricken by money owed, Atos has been engaged in a proper restructuring course of since early 2024.
It has been hit by a spread of points, together with provide chain blockages and a weaker enterprise local weather, which have dug into its market worth.
The agency introduced over the summer time that it could be changing €2.9bn of loans into fairness to shore up its funds.
Bondholders and lenders additionally agreed to offer as a lot as €1.675bn of recent debt and to supply €233 million in new fairness – probably with the assistance of a non-public industrial investor.
Significance for nationwide safety
The federal government is maintaining a watchful eye on the agency resulting from its significance for nationwide safety.
“Excessive-performance servers and supercomputers are crucial applied sciences for our defence and sovereignty, sources of innovation and employment for our financial system,” France’s finance minister, Antoine Armand, wrote on X – confirming the unique negotiations on Monday.
The state beforehand bid for some Atos’ superior computing enterprise in June, though the supply expired with no conclusion.
The potential sale of Atos’ superior computing enterprise would permit it to cut back its debt, though its monetary well being remains to be depending on a rights concern to lift €233m.
Current shareholders should buy 13,497 new shares for every 24 shares they already personal, a manner for the corporate to spice up liquidity.
Atos is extending the deadline interval for traders to purchase inventory on this manner.
The agency confirmed that restructuring is deliberate to finish by early January 2025 on the newest.
Atos additionally mentioned on Monday it could launch a proper sale course of for its mission-critical techniques and cybersecurity merchandise models.
These companies generated a income of round €340m in 2023.