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Atos to acquire Xerox’s Information Technology Outsourcing business
BEZONS, France and NORWALK, Conn. —
- 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
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