Atos to isolate its IT services activities in a separate structure – press | Photo credits: ATOS/ROMI/REA
PARIS, June 13 (Reuters) – Atos, which is due to announce a strategic plan on Tuesday, plans to isolate its IT services business into a separate legal entity, BFM Business reported on Monday, without citing its source.
“This new company, which will remain housed in Atos, will have a separate governance and balance sheet, in order to manage it independently”, is it specified in the article published on the site of BFM Business, which underlines that this declining division weighs on the group’s results.
Hit hard by the COVID-19 pandemic, Atos was also put in difficulty last year by the discovery of internal control weaknesses in two of its subsidiaries in the United States.
This series of setbacks led to the departure of its managing director Elie Girard, replaced in October by Rodolphe Belmer, the former boss of Eutelsat, and prompted the group to adopt a new strategy aimed at refocusing on its activities with stronger growth.
(Written by Myriam Rivet, edited by Bertrand Boucey)