Atos takes 37% since the beginning of the year
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(News Bulletin 247) – The engineering group Astek has expressed its desire to look into the matter, in an article in the Journal du Dimanche. This swells the ranks of potential contenders for this division.

This is clearly one of the major issues that currently agitates the place of Paris: the future split of Atos. Last June, the group presented a strategic plan which consists of splitting into two companies. The first would keep the historical perimeter with the outsourcing activities of the group and would keep the Atos name. The second Evidian would bring together fast-growing businesses such as digital transformation services, cybersecurity and supercomputers.

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Atos intends to list this second company on the stock market by distributing approximately 70% of the capital to its shareholders. The company is also studying the possibility of selling part of the 30% it would keep to finance the strategic plan of the future Atos refocused on its new perimeter.

Since the beginning of the year, Evidian has attracted particular attention. And lusts. Latest, that of the engineering group Astek, which declared its interest this Sunday in an article in the Sunday newspaper. The company has just, according to the media, to take language with the board of directors of Atos.

“The idea is to have access to information on the business of Atos, to look in the box to make a coherent offer”, explains to the JDD Julien Gavaldon, president of the management board of Astek. According to the Sunday newspaper, this French company, which represents 500 million euros in revenue for 7,000 employees, would not wish to retain the entire scope of Evidian.

Julien Gavaldon “has gathered around him several specialists, such as ChapsVision, a state group, and is in talks with large industrialists. All want to look at what Atos has put in the trash and avoid paying a high price”, reports the JDD.

A size that questions

Contacted by News Bulletin 247, a spokeswoman for Atos did not comment.

This Monday, this press information pulls the Atos share a little higher, which rose 4.4% around 11:20 a.m. while the SBF was stable at the same time (-0.02%). “This statement from Astek confirms investors’ appetite for Evidian, which has quality assets. This puts Atos in a more comfortable position to try to get the best price,” said an analyst.

“The reflection seems at this stage very preliminary, while the size of the acquirer raises questions about Astek’s ability to acquire an asset 10 times larger than it (55,000 employees and 5.1 billion euros in estimated revenue for 2022 for Evidian). However, this new expression of interest underlines the value of Evidian”, explains Invest Securities.

A winter stock market hit?

In any case, the list of contenders for Evidian is growing. The echoes had previously reported in early January preliminary talks between Airbus and Atos about a minority stake. Information that the executive chairman of Aribus, Guillaume Faury, did not wish to comment on January 6, when questioned on our antenna. The name Orange is also often cited.

Atos had also rejected in September an offer to buy Evidian for an enterprise value of 4.2 billion euros from the Onepoint group.

The group is also making an excellent start to the year on the stock market, with a jump of 37.4% over 2023 as a whole. end of the year, when the market considered the worst possible scenario, including a capital increase. However, the various expressions of interest for Evidian show that solutions exist for this group, without having to go through such scenarios”, notes the aforementioned analyst.