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France Tech Giant Atos to Acquire Bull

Atos Aims at Becoming a Leader in Big Data, Cybersecurity and Cloud by Acquiring Bull

Atos Aims at Becoming a Leader in Big Data, Cybersecurity and Cloud by Acquiring Bull

France-based multinational IT services corporation Atos has announced its intention to acquire Bull Group, a French enterprise tech company, in an effort to become a leader in the cloud, big data and cybersecurity market.

On Monday, Atos said that it was prepared to offer €620 million ($846 million) for the company which is currently a top player in cloud, cybersecurity and big data, and a European global leader in high-performance computing. More precisely, Atos is offering €4.90 ($6.70) in cash per Bull share. This represents a 22% premium over Bull’s closing price (€4.01 / $5.4) on May 23.

By acquiring Bull, Atos wants to reinforce its position as a leader in the European cloud market and anchor its position in Managed Services and Systems Integration. Atos’ existing Managed Services and Systems Integration will be complemented by €500 million ($682 million), respectively €300 million ($409 million), revenue from Bull.

As far as big data and cybersecurity solutions are concerned, Atos intends to create a dedicated entity under the Bull brand with revenue of around €500 million ($682 million).

“Bull’s highly recognized teams in advanced technologies such as high computing power, data analytics management, and cybersecurity ideally complement Atos’ large scale operations,” said Thierry Breton, Chairman and CEO of Atos. “Thanks to our integration capabilities and operational effectiveness culture, this transaction will strongly benefit Bull and Atos clients, employees, and shareholders.”

The board of directors at both Atos and Bull have approved the transaction, and Bull’s largest shareholders, Crescendo Industries and Pothar Investments, which together own 24.4% of the company, have agreed to tender their shares.

The offer will be filed with the French financial regulatory agency AMF in June, the settlement and delivery of shares being expected in mid-August, the companies said. 

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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