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04/2026

ATOS ADVANCED COMPUTING acquired by AGENCE DES PARTICIPATIONS DE L'ETAT (APE)

FRANCE IT Services / Consulting & Integration / Data & AI Consulting EV 300M - 700M EUR

Context

The French State submitted acquires 100% of Atos's Advanced Computing activities (carved out from the BDS division). The transaction is part of Atos's broader accelerated safeguard financial restructuring plan, approved by the commercial court on October 2024. A previous non-binding offer from the French State had covered a wider perimeter including Mission Critical Systems and Cybersecurity Products, but the final offer was narrowed to Advanced Computing only. Separately, Atos commits to launching a formal sale process for its remaining BDS assets — Cybersecurity Products and Mission Critical Systems. An independent expert will be appointed to validate that the transaction terms reflect fair market value, as agreed with financial creditors.

ATOS ADVANCED COMPUTING, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.3x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Atos Advanced Computing is a strategic technology division carved out from the BDS (Big Data & Security) segment of Atos SE, one of Europe's largest IT services groups. The business is structured around two core sub-divisions: (1) High-Performance Computing (HPC) & Quantum, which designs, builds and operates some of the most powerful supercomputers in Europe — including systems deployed for national research agencies, weather forecasting institutions, and defence bodies — and is actively developing quantum computing capabilities positioning it at the frontier of next-generation computing; and (2) Business Computing & Artificial Intelligence, which provides advanced AI-powered computing infrastructure and services to large enterprises and public sector clients.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
2024

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REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 450M - 900M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ATOS ADVANCED COMPUTING by AGENCE DES PARTICIPATIONS DE L'ETAT (APE) are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: atos advanced computing

Acquirer: agence des participations de l'etat (ape)