France's Atos Boosts US Presence With $3.4 Billion Syntel Acquisition
France's Atos Boosts US Presence With $3.4 Billion Syntel Acquisition
Published on July 23, 2018 at 11:30AM
French IT services company Atos is boosting its North American operations with a $3.4 billion cash deal to buy Michigan-based IT services provider Syntel. From a report: Atos, which provides IT services to sectors ranging from aerospace to retail, said the deal, announced Sunday, to buy Syntel will strengthen its activities in banking, finance and insurance and allow it to provide complete IT solutions to its U.S. customers. "[The deal] will significantly enhance [the Business & Platform Solutions Division's] growth and profitability profile through an extended digital services offering, cutting-edge India-based delivery platforms, as well as revenue and cost synergies," Atos Chief Executive Thierry Breton said in a statement.
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Published on July 23, 2018 at 11:30AM
French IT services company Atos is boosting its North American operations with a $3.4 billion cash deal to buy Michigan-based IT services provider Syntel. From a report: Atos, which provides IT services to sectors ranging from aerospace to retail, said the deal, announced Sunday, to buy Syntel will strengthen its activities in banking, finance and insurance and allow it to provide complete IT solutions to its U.S. customers. "[The deal] will significantly enhance [the Business & Platform Solutions Division's] growth and profitability profile through an extended digital services offering, cutting-edge India-based delivery platforms, as well as revenue and cost synergies," Atos Chief Executive Thierry Breton said in a statement.
Read more of this story at Slashdot.
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France's Atos Boosts US Presence With $3.4 Billion Syntel Acquisition
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