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

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

PARIS : The cybersecurity BDS division of France’s Atos is ‘not up for sale’, a spokesperson for the IT consulting agency stated on Thursday, after sources stated defence firm Thales was engaged on a possible provide.

Sources advised Reuters on Wednesday that French firm Thales was engaged on a plan to purchase the cybersecurity enterprise of IT consultancy group Atos, in a possible $3 billion tie-up prone to check the political willpower for shoring up France’s digital defences.

Atos shares jumped by greater than 10per cent on the information. They had been down by 2.1per cent at 0822 GMT.

“BDS is not for sale,” Atos’ spokesperson stated. “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 firm, and its adviser Centerview Partners have approached a number of non-public fairness corporations together with Bain Capital to discover a attainable joint provide as a part of a deal that might contain a posh break-up of Atos, the sources stated.

Thales stated after market shut on Wednesday that it was “potentially interested” in any cybersecurity asset up for sale and that there have been no talks underway with Atos.

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

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