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Home News

Airbus Pursues Atos Cyber Deal

January 3, 2024
Reading Time: 2 mins read
in News

French IT consultancy firm Atos is engaged in early-stage discussions with Airbus regarding the potential sale of its cybersecurity unit for an estimated 1.8 billion euros. Airbus, proposing an initial offer between 1.5 billion to 1.8 billion euros, aims to acquire Atos’ Big Data and Security business unit, part of the Evidian entity specializing in access management, digital identity, and data protection solutions. The acquisition, if successful, is poised to significantly advance Airbus’ digital transformation, fortify its defense and security portfolio with cyber, advanced computing, and artificial intelligence capabilities, and contribute to the company’s decarbonization roadmap. While Airbus emphasizes the potential benefits, it cautiously notes that discussions are in the early stages and subject to due diligence.

Airbus had previously attempted to acquire a 29.9% stake in Atos’ Evidian business in March, but the offer was withdrawn due to a failure to reach a deal. The current move aligns with Airbus’ strategic vision for growth in the European aerospace, defense, and cybersecurity sectors. Atos, facing financial challenges with over 2 billion euros in debt, remains open to selling additional assets to raise funds, particularly if negotiations with EPEI for its Tech Foundations unit encounter obstacles. The cybersecurity unit acquisition also follows reports of Thales expressing interest, though no formal bid materialized. Paris-based Atos, touted as the world’s largest managed security services vendor, grapples with debt as clients shift from on-premises to cloud-based services.

Reference:
  • Airbus confirms offer worth up to €1.8bn for Atos cyber security unit

 

Tags: AdquisitionsAirbusAtosCyber NewsCyber News 2024CybersecurityJanuary 2024Security's
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