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ATOS ADVANCED COMPUTING

Acquired by

AGENCE DES PARTICIPATIONS DE L'ETAT (APE)

FRANCE IT Services / Consulting & Integration / Data & AI Consulting EV 500m EUR - 1b EUR 04/2026

Target

ATOS ADVANCED COMPUTING

Acquirer

AGENCE DES PARTICIPATIONS DE L'ETAT (APE)

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 LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (13.6x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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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

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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EBITDA
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2025
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2024
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Other operations with ATOS ADVANCED COMPUTING

REFERENCES

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: atos advanced computing

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