Atos buys Bull for €620 million

Atos has had its offer of €620 million accepted by Bull’s board, allowing it to continue to build its IT Services. It’s a major deal, but not as big as its acquisition of Siemens IT Services back in 2011. In total the 2 companies’ revenues were €9,825 m ($13,169 m) in the year to the end of March. Net profit at €250 m ($335 m) was not impressive, representing only 3% of revenues. Both companies have extensive government business, although Atos’s is more European-wide than Bull’s these days. Bull will add its deep experience in mainframe maintenance, enterprise storage and supercomputing and close ties to the French nuclear industry. Atos currently has 73k and Bull 9k employees.

atosWe think this is a good deal for both companies and represents part of a continuing consolidation in the European services market. We note that Steria recently accepted a bid from Sopra. Along with SAP the 3 new suppliers could become strong drivers of Cloud services in Europe.

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  1. […] with a 3.6% market share in 2014. Lenovo and Supermicro gained share, while Bull (now part of Atos) and Teradata dropped out of the top 9 for now. Table 1 shows 2014 market shares for revenue, […]

  2. […] Xerox entered the ITO business in September 2009 by acquiring Affiliated Computer Services (ACS) for $6.4B – a year and a half before Atos bought Siemens IT Solutions in July 2011. Both moves increased revenues significantly at the time, although Atos has done better in the recent past partially through buying Bull. […]