Digital services provider Atos has completed the purchase of Xerox ITO, for a net price valued at $966 million.
The acquisition has made North America Atos’ largest geography. The company is now ranked ninth for ITO services within the continent, where it will make a projected $2 billion a year in revenues.
The acquisition was first announced in December 2014, with both organisations working closely together to ensure a seamless operational transition.
Thierry Breton, chairman and CEO of Atos, commented: “Today marks a major step in the development of the Atos Group, as we welcome 9,600 Xerox ITO employees to Atos.
“With the US now our largest market, we have a stronger and more balanced global presence, which combined with our digital skills, allows us to be the trusted partner for our clients’ digital journey anywhere in the world.”
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