Atos has finalized the sale of its advanced computing, cybersecurity, and other sovereign assets—historically grouped under the Bull brand—to the French state for up to €404 million. The deal, concluded after nearly a year and a half of exclusive negotiations, is a key step in the troubled IT group's strategic refocus on its priority business lines.
The transaction involves the transfer of Atos's Advanced Computing, Mission-Critical Systems, and Cybersecurity Products activities to a newly formed, state-owned company. The final enterprise value is set at €404 million, subject to potential adjustments based on the division's net financial debt and working capital at closing. The sale includes approximately 4,000 employees, primarily based in France.
This move strengthens France's sovereign capabilities in high-performance computing (HPC), particularly for defense, nuclear, and research applications. The acquired entity will operate the nation's supercomputers, including the exascale-class "Jules Verne" machine. For Atos, the divestment provides essential liquidity as it works to restructure its significant debt and streamline operations under its "Eviden" (digital, big data, and security) and "Tech Foundations" (managed infrastructure) divisions.