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Atos completes the acquisition of Unify from Gores Group and Siemens

Creating a unique integrated proposition for unified communications to improve business performance and support digital transformation

Bezons, January 20, 2016 - Atos, an international leader in digital services, today announced that it has completed the acquisition from Gores Group and Siemens of Unify, the world number three in integrated communication solutions generating €1.2 billion annual revenue. The acquisition creates a unique integrated proposition for unified communications improving the social collaboration, digital transformation and business performance of its clients.

The transaction has been approved by employee representatives’ bodies and has received the required approvals of the regulatory and antitrust authorities in the European Union, United States, Russia and Brazil. Cash consideration for Atos was € 366 million (adjusted from working capital) to acquire 100% of Unify. Net debt was € 48 million at closing and the pension deficit was € 176 million. This leads to an Enterprise Value of € 590 million as disclosed on November 3rd, 2015 at the signing of the transaction.

As a reminder, in order to generate the expected costs savings by 2017 (€ 130 million on an annual basis), Unify is completing its current € 267 million restructuring plan. In addition, Unify is starting, as planned, its € 103 million further restructuring plan which is fully provisioned at closing. Both restructuring plans are funded by the sellers.

As of February 1st, 2016, the Services activity of Unify (c. € 0.4 billion annual revenue) is integrated in the Atos Service Line “Managed Services”.

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Anitec-Assinform - Associazione Italiana per l’Information and Communication Technology (ICT)
P.IVA: 10053550967 C.F.: 10053550967

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