Daily News logo Newsletter logo   Search News    

Atos and Siemens Have Finalized the Acquisition by Atos of Siemens IT Solutions and Services

  Share This Story

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.

(Logo: http://photos.prnewswire.com/prnh/20090210/DA68663LOGO)

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.

About Atos

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

About Siemens

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.

SOURCE Atos



 
Support Wikipedia

NeswBlaze top writers

Find more stories recommended by Stumbleupon.

newsletter logo

What's Hot?
1 .Supermodel Bar Refaeli Adorns the Cover of the 2009 Sports Illustrated Swimsuit Issue on Newsstands Today! - 195
2 .Africa Oil Operations Update - 48
3 .Oprah Winfrey Come Out of The Closet! Admit You're a Lesbian! - 38
4 .Go Social Film Magazine Partners with the San Jose Short Film Festival to Stream Official Selections Online to a Global Audience via iPad - 39
5 .These 10 Comfortable Walking Shoes Are a Step in the Right Direction - 41
6 .Give a Great Valedictorian Speech - Joey Asher - 36
7 .Sandra Bullock's Naked Success - 33
8 .Photos: Valkyrie MEDEVAC - 39
9 ."K-1 Rising 2012 - K-1 World Max Final 16 2012" Announces May 27 Pay-Per-View Ustream Channel - 28
10 .Waterless 'Air Cooler PLUS' Beats Summer's Heat Without Making Your Home Muggy - 29
Updated: 22:45 PDT     4695

NewsBlaze Editors

editors

NewsBlaze Writers

news writer images

Writers Wanted

Help NewsBlaze provide daily news, including top stories, Home and Garden, Technology, The Environment and more. NewsBlaze Writer

Follow NewsBlaze

NewsBlaze Social Media Logos NewsBlaze Facebook NewsBlaze LinkedIn NewsBlaze Twitter NewsBlaze YouTube NewsBlaze MySpace NewsBlaze Fan Page NewsBlaze StumbleUpon NewsBlaze Political Cartoons NewsBlaze Editorial Cartoons
NewsBlaze 
Copyright © 2004-2012 NewsBlaze LLC
Use of this website is subject to our Terms of Service and Privacy Policy  | DMCA Notice |         Press Room