Atos announces that it has completed the sale of its Italian operations (“Atos Italia”) to Lutech S.p.A., an Italian provider of IT services and solutions, on March 31, with a 100% cash consideration. The Group previously announced that it entered into exclusive negotiations on November 16, 2022.
The completion of this transaction is a new milestone in the successful execution of Atos’ divestment plan. Since June 2022, Atos has closed four transactions and signed another one thus securing c.80% of the plan’s €700 million expected proceeds and demonstrating the Group’s ability to execute at pace.
The transaction perimeter represented c. 2% of total Group revenue in 2022 and does not include the Italian EuroHPC business which will be kept within Atos, nor the Unified Communications & Collaboration's Italian operations, part of a separate divestment project. Subsequently to the transaction, Atos Italia changes its name and brand to become Lutech Advanced Solutions S.p.A, while remaining a key partner of the Atos Group.
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