January 4, 2024 at 10:13AM
Airbus is considering acquiring Atos’ cybersecurity unit for up to $2 billion. Atos announced the potential sale of its Big Data and Security (BDS) business and plans to enter a due diligence phase after receiving an offer valuing BDS between €1.5 billion and €1.8 billion. Airbus aims to enhance its digital transformation and defense capabilities through this acquisition. Atos shares fell following the announcement.
Based on the meeting notes, the key takeaways are:
1. Airbus is considering acquiring Atos’ cybersecurity unit, Big Data and Security (BDS), for a potential amount of €1.5 billion to €1.8 billion.
2. Atos announced the potential sale of its BDS business as part of its strategy for repaying and refinancing financial debts.
3. Atos shares fell following the announcement of the potential sale.
4. Airbus previously made a bid for a 30% stake in Atos’ Evidian security business, which later included BDS and Atos’ cloud computing business but faced opposition from some shareholders and was dropped.
5. Airbus sees the acquisition of BDS as a way to accelerate its digital transformation, enhance its defense and security portfolio, and strengthen its capabilities in cyber, advanced computing, and artificial intelligence.