Atos explores split into two separate companies

The French tech company Atos is looking at the possibilities of splitting itself into two parts. One company would then be engaged in IT infrastructure management services, the other in big data and security services.

Atos itself speaks of an ambitious transformation plan before the split† The two companies that would be created would each have their own strategy and financial basis. Atos would like to transfer the existing activities of the Tech Foundations division to TFCo. That IT management division turned in EUR 5.4 billion in 2021, but revenues are under pressure. Under the leadership of Nourdine Bihmane, deputy CEO from Tuesday, an independent company must be profitable again by 2026.

The other company that would emerge after the split is Spinco, which will continue the existing Evidian division. Under this heading, Atos’ big data and IT security activities would be bundled. These growing activities accounted for 4.9 billion euros in turnover in 2021. Spinco’s director is slated to be Philippe Oliva, who, like Bihmane, has been named deputy CEO. Until now, the CEO was Rodolphe Belmer, but he is leaving to make way for Bihmane and Oliva.