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The New Basic TEB/LEB Digital Proportional Valve from Atos

2015-04-02 12:31:11| Industrial Newsroom - All News for Today

New Basic TEB/LEB digital proportionals - the Best ever Atos product! Atos is proud to be the first worldwide electrohydraulic company presenting a new range of high performances digital proportionals with same prices of analog models. The software setting of scale, bias, linearization and dynamic response allows...

Tags: digital basic proportional valve

Atos to buy Xerox IT outsourcing business for USD 1.05 bln

2014-12-19 08:50:00| Telecompaper Headlines

(Telecompaper) French IT services group Atos has reached an agreement to buy US business services, technology and document management company Xerox's IT outsourcing business for USD 1.05 billion in cash and to become a primary IT services provider for Xerox. The move will nearly triple the size of Atos's business in the US, which would become its biggest operating geography. The transaction includes an additional USD 50 million subject to the condition of certain assets at closing. Xerox's IT outsourcing business employs about 9,800 employees in 45 countries, 4,500 of whom are in the US. It will have an estimated USD 1.5 billion of revenue this year. Xerox currently uses Atos for IT outsourcing work in Europe. Acquiring Xerox's IT outsourcing business provides Atos with a broader geographic footprint and the ability to support the needs of its European and US clients anywhere in the world. This adds breadth to its already deep services portfolio and leading technologies, particularly in cloud, big data, cyber-security, and in high power computing. The intended transaction, which has received the unanimous support of both the Atos and Xerox boards, is subject to customary closing conditions, regulatory and antitrust approvals, and consultation, when relevant, with employee representative bodies. The transaction is expected to close in the first half of 2015.

Tags: business buy usd outsourcing

Atos announces EUR 620 mln takeover bid for Bull

2014-05-26 08:44:00| Telecompaper Headlines

(Telecompaper) French-based international IT services company Atos and enterprise data group Bull have announced the intended public offer in cash by Atos for all of Bull's issued and outstanding shares. Atos intends to create a big data & cybersecurity entity under the Bull brand with revenue of about EUR 500 million. Both Atos and Bull's boards of directors have given their support for the transaction. Crescendo Industries and Pothar Investments, which own 24.2 percent of Bull, have committed to tender their shares to the Atos bid. The offer is set at EUR 4.90 per Bull share, a 22 percent premium over Bull's closing price of EUR 4.01 on 23 May, the last trading day before the announcement. The offer will target Bull's outstanding OCEANE convertible bonds at EUR 5.55 each. The offer values Bull at approximately EUR 620 million. The operation is intended to create Europe's biggest player in cloud operations and a leading cybersecurity solutions provider and release EUR 80 million in annual cost synergies after two years.

Tags: eur bid bull announces