Atos in Exclusive Negotiations with Schneider Electric for Sale of EcoAct and Strategic Partnership on Decarbonization

Atos in Exclusive Negotiations with Schneider Electric for Sale of EcoAct and Strategic Partnership on Decarbonization

(IN BRIEF) Atos Group, a global leader in digital transformation, has entered into exclusive negotiations with Schneider Electric for the sale of 100% of EcoAct SAS and its subsidiaries. This potential transaction would allow Atos to divest non-core assets and engage in a strategic partnership with Schneider Electric on decarbonization. EcoAct is an international leader in climate consulting and NetZero solutions, offering a comprehensive range of services for the Net Zero transition. The proposed transaction does not include Atos’ digital Net Zero Transformation practice, which will be retained within the Atos Group. Atos and Schneider Electric plan to collaborate closely to develop products and solutions that support customers’ journeys to NetZero. The transaction is subject to regulatory approvals and expected to close in the second half of 2023.

(PRESS RELEASE) PARIS, 4-Jul-2023 — /EuropaWire/ — Atos Group, a global leader in digital transformation, announces that it has entered into exclusive negotiations with Schneider Electric for the sale of 100% of EcoAct SAS and its subsidiaries (“EcoAct”). With this potential transaction, Atos would secure its divestment program of non-core assets while engaging in a strategic partnership with Schneider Electric on decarbonization.

EcoAct is an international leader in climate consulting and NetZero solutions offering a unique portfolio of services which covers the entire Net Zero transition value chain, from planning and forecasting to carbon offsetting. The company generated revenues of approximately €70m in FY22 and currently employs close to 400 people.

The proposed transaction does not include Atos’ digital Net Zero Transformation practice (part of Eviden business), dedicated to supporting its customers in all industries to catalyze their decarbonization goals, which will be kept within the Atos Group. Atos would also cooperate closely with Schneider Electric combining Technology and Sustainability expertise to build products and solutions that enhance its customers’ paths to NetZero. Atos remains highly committed to its own sustainability engagements which are set to achieve net zero carbon emissions by 2039.

This proposed transaction, in addition to the ongoing divestments already engaged, would allow Atos to complete its divestment program ahead of the schedule announced at the Group’s Capital Markets Day on June 14, 2022.

“We are very pleased with this proposed transaction, after which we would have secured more than 100% of our divestment program and delivered on our commitment. Our transformation plan has already showed encouraging performance results, and we have further reinforced our clients’ confidence in our ability to accompany them in their digital challenges” said Diane Galbe, Senior Executive Vice President, Atos “Digitization and decarbonization are key for all businesses today. Thanks to this future partnership with Schneider Electric we look forward to developing leading edge offers to accelerate customers’ journeys to NetZero.”

Steve Wilhite, President, Sustainability Business at Schneider Electric said “Demand for sustainable goods and services is rapidly increasing as businesses navigate the challenges posed by climate change, the energy crisis, and investor and regulatory pressures. The solutions to these challenges are complex to navigate. By combining forces with EcoAct, we would expand our team of world-class sustainability consultants and our ability to deliver strategic value to our clients, accelerating the transition to the carbon-free energy future.”

Stuart Lemmon, Global Head of EcoAct, said “I am excited for EcoAct to potentially join Schneider Electric and to continue to grow our ability to lead clients through challenges at the heart of the energy and resource transition. I believe this transaction could provide fantastic opportunities to our talented and passionate ‘EcoActors’ and look forward to the promising future ahead.”

The potential transaction remains subject to the information and consultation of the relevant employee representative bodies of Atos and Schneider Electric, to the agreement and signing of the definitive documentation and to other customary regulatory approvals. The potential transaction is expected to be closed in H2 2023.

About Atos

Atos is a global leader in digital transformation with 110,000 employees and annual revenue of c. € 11 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

Media Contacts:

Investor relations: 

Thomas Guillois
 thomas.guillois@atos.net
+33 (0)6 21 34 36 62

Media relations:

Martin Bovo
martin.bovo@atos.net
+33 (0)6 14 46 79 94

SOURCE: ATOS