Airbus abandons possible acquisition of Atos data division
Another attempt by Atos to solve its debt problems by selling off part of its business has ended in failure.
Another attempt by Atos to solve its debt problems by selling off part of its business has ended in failure.
Airbus, a potential acquirer of the IT services company’s big data and security business, has walked away from the deal after completing its “due diligence” investigation.
As a result, Atos has postponed — again — the release of its audited financial statement for 2023 while it evaluates its options. It has already delayed publication of the results once to give its auditors additional time to examine an independent business review report and to complete their audit of non-cash goodwill impairment charges.
Unlikely savior
The aircraft manufacturer might have seemed an unlikely savior, but there could have been interesting synergies between its existing activities and the cybersecurity and data science businesses of Atos. Airbus already has a cybersecurity business of its own, and manages vast quantities of data generated by its earth observation satellites.
However, on Tuesday Airbus dashed the hopes of Atos with a three-line communique: “After careful consideration of all aspects of a potential acquisition of ATOS’ BDS (Big Data and Security) business line, Airbus has decided it will no longer pursue discussions with ATOS about this potential transaction.”
In February, Atos announced that talks with another potential buyer had fallen through. EP Equity Investment was lined up to buy the company’s infrastructure management business, Tech Foundations, but the two parties failed to agree on deal terms and pricing, Atos CEO Paul Saleh said in late February. He only took over the top role at the company in mid-January.
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