Atos take over talks come to nothing


Atos take over talks come to nothing

Antony Savvas

Takeover talks at outsourcer Atos Origin have come to nothing, and the firm has decided to carry on as an independent company.

Atos used the announcement of its unaudited first quarter results to confirm that it would continue with its expansion plans on a “stand-alone basis”.

For the three months ended 31 March 2007, Atos said sales reached £1bn, representing a 6.9% per cent increase compared to the same quarter last year.

The firm said, “Atos Origin has now finalised the review of strategic options. At the end of the period set by the group, no binding offers [for the company] had been received and the supervisory and management boards have unanimously concluded that it is in the best interest of all group stakeholders to pursue and accelerate, on a stand-alone basis, the value-creating strategy announced in February.

"The Group has thus terminated all discussions with third parties.”

Atos Origin says it plans to increase organic growth, improve efficiency and widen its global reach.

In global offshoring, the firm’s 2009 headcount target of 6,100 staff has been increased to 8,000, based on increased demand from customers.

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