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  • Thursday, April 25, 2024

DXC Receives Acquisition Bid From French IT Firm Atos

France-based information technology services provider Atos SE has made an unsolicited bid to acquire Tysons, Virginia-based IT company DXC Technology (NYSE: DXC).

DXC said Thursday its board of directors will assess the non-binding offer and the company had no prior knowledge of Atos' interest to submit such a proposal.

Reuters reports Atos offered to pay approximately $10B, including debt, for the proposed acquisition in a push to establish a global digital services provider.

DXC was formed out of the merger between Computer Sciences Corp. and the enterprise services business of Hewlett Packard Enterprise (NYSE: HPE) in 2017 and helped form Perspecta (NYSE: PRSP) in 2018 via a three-way deal with Vencore and KeyPoint Government Solutions.

According to Atos' website, the French company offers IT services in various sectors including the public safety and defense market.

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