Five months on from revealing the intent to sell its Worldgrid business to ALTEN , Atos has signed the binding €270m Share & Asset Purchase Agreement with the French Engineering and IT services specialist. The finalisation of the deal, which will close before the end of the year, follows Atos’s recent announcement that all of its planned financial restructuring transactions are expected to be completed between November 2024 and December 2024/January 2025 

Worldgrid, which is focused on the energy and utilities sector, provides specialist consulting and engineering services. The business, which currently employs around 1,100 people, generates annual revenue of approximately €170m. ALTEN is itself an established player in the energy and utilities sector and is also the company that acquired UK-based Methods Group in 2022 (see: ALTEN acquires Methods).

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