DXC Receives Acquisition Bid From French IT Firm Atos

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.

You may also be interested in...

Mark Peters EVP

Mark Peters Starts Role as Battelle Lab Operations EVP; Lou Von Thaer Quoted

Mark Peters, formerly director of the Idaho National Laboratory, has transitioned to new work as Battelle's executive vice president of laboratory operations after more than five years of INL leadership.

Parsons ABAD concept

Parsons-Leidos-SAIC-SRC Team to Pursue $953M USAF Base Protection Contract

Parsons (NYSE: PSN) has teamed up with Leidos (NYSE: LDOS), Science Applications International Corp. (NYSE: SAIC) and SRC to compete for a potential 10-year, $953M contract seeking new systems that would protect U.S. Air Force bases in Europe and Africa.