Atos' cybersecurity arm is not up for sale, spokesperson says

FILE PHOTO: People walk in front of the Atos company's logo in Paris, France, April 12, 2016. REUTERS/Philippe Wojazer/File Photo

PARIS (Reuters) - The cybersecurity BDS division of France's Atos is 'not up for sale', a spokesperson for the IT consulting firm said on Thursday, after sources said defence company Thales was working on a potential offer.

Sources told Reuters on Wednesday that French company Thales was working on a plan to buy the cybersecurity business of IT consultancy group Atos, in a potential $3 billion tie-up likely to test the political determination for shoring up France's digital defences.

Atos shares jumped by more than 10% on the news. They were down by 2.1% at 0822 GMT.

"BDS is not for sale," Atos' spokesperson said. "We are focused on our turnaround plan and we're convinced of the considerable turnaround potential of the group."

Thales, which ranks as Europe's largest defence electronics company, and its adviser Centerview Partners have approached several private equity firms including Bain Capital to explore a possible joint offer as part of a deal that would involve a complex break-up of Atos, the sources said.

Thales said after market close on Wednesday that it was "potentially interested" in any cybersecurity asset up for sale and that there were no talks underway with Atos.

(Reporting by Mathieu Rosemain; Additional reporting by Tim Hepher; Editing by Sudip Kar-Gupta and Elaine Hardcastle)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights


Next In Tech News

Russian parliament approves tax break for issuers of digital assets
G7 to tackle cyber threats and disinformation from Russia: communique
Swiss top court upholds ban on foreign online betting operators
Indonesia will use Covid tracking app to sell cheap cooking oil
Siemens to invest in Volkswagen's N.American charging network
Uber agrees to Australia minimum pay body after similar moves in Britain, Canada
Instagram and Facebook remove posts offering abortion pills
Russian industry faces code crisis as critical software pulled
Russia fines United Parcel Service over data storage - TASS
Russia fines foreign firms for alleged data storage violations

Others Also Read