French state formally bids 410M for Atos' HPC assets
Briefly

Atos is on the verge of selling its Advanced Computing business to the French government, with an agreed value of €410 million. This new valuation is lower than originally proposed due to the exclusion of Vision AI, a division that significantly contributes to operating margins. The sale is part of Atos's restructuring strategy, where Vision AI will be repositioned within the company. The remaining Advanced Computing assets are projected to generate approximately €800 million in revenue by 2025, highlighting their strategic importance.
Significantly, Atos has carved out its Vision AI activities from the original deal scope, retaining these higher-margin operations within Eviden. Management noted that Vision AI contributes over one-third of its operating margin, suggesting the strategic decision to preserve value-accretive assets while divesting more capital-intensive High-Performance Computing (HPC) and quantum computing operations.
The updated figure also includes €110 million ($125 million) in earn-outs, meaning they are contingent on profitability indicators for fiscal years 2025 (€50 million/$57 million expected to be paid upon closing) and 2026 (€60 million/$68 million).
Read at Theregister
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