One other try by Atos to unravel its debt issues by promoting off a part of its enterprise has led to failure.
Airbus, a possible acquirer of the IT providers firm’s large knowledge and safety enterprise, has walked away from the deal after finishing its “due diligence” investigation.
In consequence, Atos has postponed — once more — the discharge of its audited monetary assertion for 2023 whereas it evaluates its choices. It has already delayed publication of the outcomes as soon as to provide its auditors further time to look at an impartial enterprise evaluation report and to finish their audit of non-cash goodwill impairment expenses.
Unlikely savior
The plane producer might need appeared an unlikely savior, however there might have been attention-grabbing synergies between its present actions and the cybersecurity and knowledge science companies of Atos. Airbus already has a cybersecurity enterprise of its personal, and manages huge portions of information generated by its earth remark satellites.
Nonetheless, on Tuesday Airbus dashed the hopes of Atos with a three-line communique: “After cautious consideration of all points of a possible acquisition of ATOS’ BDS (Large Information and Safety) enterprise line, Airbus has determined it should now not pursue discussions with ATOS about this potential transaction.”
In February, Atos introduced that talks with one other potential purchaser had fallen by. EP Fairness Funding was lined as much as purchase the corporate’s infrastructure administration enterprise, Tech Foundations, however the two events didn’t agree on deal phrases and pricing, Atos CEO Paul Saleh stated in late February. He solely took excessive function on the firm in mid-January.
