Atos has entered into negotiations with Schneider Electric to flog its climate consulting and net-zero solutions provider EcoAct and its subsidiaries.
It would mean that Atos would secure its divestment programme of non-core assets while engaging in a strategic partnership with Schneider Electric on decarbonisation.
EcoAct offers a portfolio of services which covers the net-zero transition value chain, from planning and forecasting to carbon offsetting.
The company generated revenues of approximately £60 million in FY22 and currently employs close to 400 people.
Atos acquired EcoAct in October 2020 so it appears to be off-loading it rather quick.
The proposed transaction does not include Atos’ digital net-zero transformation practice, dedicated to supporting its customers in all industries to catalyse their decarbonisation goals, which will be kept within the Atos Group.
Atos said it remains highly committed to its own sustainability engagements which are set to achieve net zero carbon emissions by 2039.
The deal means Atos can complete its divestment programme ahead of the schedule announced at the Group’s Capital Markets Day on 14 June, 2022.
The divestment plan has already seen the sale of businesses the likes of logistics software business, Sislog, and its UCC arm.
ATOs senior VP Diane Galbe said: “Our transformation plan has already showed encouraging performance results, and we have further reinforced our clients’ confidence in our ability to accompany them in their digital challenges. Digitisation and decarbonisation are key for all businesses today.”
The deal is expected to close in H2 2023.
