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M&A: Atos may buy stake in IT company ITSK

Atos, JSC Gazprom Neft and SIBUR have signed a Memorandum of Understanding for a long term strategic partnership in IT services, SIBUR informed.

As part of the strategic partnership Atos will invest in the development of ITSK co-owned by Gazprom Neft and SIBUR.

Atos is ready to invest in ISTK and considering a participation interest in this company through the purchase of SIBUR's stake in it. ITSK would benefit from Atos's advanced technology. The deals proposed are subject to approvals from each party's Boards of Directors and regulatory organizations.

ITSK LLC resulted from the merger of IT, Communication and Automation Divisions of Russia-based Gazprom Neft and SIBUR Holding. In 2012, ITSK posted revenue of approximately RUB 5 billion and employed around 3,500 people. The company has offices in 25 Russian regions. ITSK's customers include over 250 Russian companies and their foreign branches.

Atos is one of the leading global suppliers of comprehensive IT services and solutions. In 2013, its turnover reached EUR 8.6 billion.

"AK&M", 27.02.2014


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