PARIS, July 1, 2011 /PRNewswire/ -- Atos, an international IT services company, and Siemens announced today that both companies have completed the transaction pursuant to which Atos has acquired Siemens IT Solutions and Services GmbH, the holding company of all Siemens IT activities.
All conditions precedent for this transaction have now been completed, the last step was the approval of the transaction by Atos shareholders at the Atos Extraordinary Shareholders meeting held today.
The Atos Extraordinary Shareholders Meeting has in particular approved the following resolutions:
- Approval of the contribution by Siemens to Atos of Siemens IT Solutions and Services.
- As consideration for the contribution, Siemens has received shares of Atos representing 15% of the share capital of Atos as well as bonds convertible into new or existing shares of Atos representing a nominal amount of 250 million Euros, and a cash payment of 176 million Euros.
- Dr. Roland Busch, Member of the Managing Board of Siemens AG, has been appointed member of the Board of Directors of Atos.
- The change of company name from Atos Origin to Atos.
The deal creates a new company with proforma 2010 annual revenues of EUR 8.7 billion and 78,500 employees across 42 countries.
Atos is an international information technology services company with annual revenues of EUR 8.7 billion and 78,500 employees in 42 countries. Serving a global client base, it delivers hi-tech transactional services, consulting, systems integration and managed services.
Atos is focused on business technology that powers progress and helps organizations to create their firm of the future. It is the Worldwide Information Technology Partner for the Olympic Games and is quoted on the Paris Eurolist Market. Atos operates under the brands Atos, Atos Consulting, Atos Worldline and Atos WorldGrid. For more information, visit: atos.net
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. For over 160 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is the world's largest provider of environmental technologies. More than one-third of its total revenue stems from green products and solutions. In fiscal 2010, which ended on September 30, 2010, revenue from continuing operations (excluding Osram and Siemens IT Solutions and Services) totaled euro 69 billion and net income from continuing operations euro 4.3 billion. At the end of September 2010, Siemens had around 336,000 employees worldwide on the basis of continuing operations. Further information is available on the Internet at: www.siemens.com.