December 19, 2014 – Bezons, France and Norwalk, CT –
- Atos would acquire Xerox’s ITO business to nearly triple its size in the U.S., which would represent its largest operating geography; Atos would become one of Xerox’s primary IT services providers
- Cash consideration for the transaction is $1.05 billion prior to closing adjustments, with additional consideration of $50 million subject to the condition of certain assets at closing
- The transaction would enable Xerox to increase its focus on its BPO and document outsourcing businesses within its Services segment
Atos, an international leader in digital services, and Xerox, a global business services, technology, and document management company, today announced their intention for Atos to purchase Xerox’s for $1.05 billion and become a primary IT services provider for Xerox. Additionally, this transaction will enable new levels of collaboration in client situations and innovative solutions leveraging Atos’ world-class ITO capabilities and highlighting Xerox’s and document outsourcing expertise.
As part of this transaction, Atos will add Xerox’s blue-chip ITO clients to its portfolio in order to accompany them on their digital journey. With estimated 2014 revenue of $1.5 billion, Xerox’s ITO business employs approximately 9,800 ITO employees in 45 countries, with 4,500 in the U.S. and more than 3,800 in global delivery countries such as India, the Philippines and Mexico. The Xerox ITO leadership team will also join Atos. Xerox’s existing ITO clients will gain access to Atos’ global IT services capabilities and a broad range of cutting-edge services.
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