New title

Kretinsky can even take over the Atos model, which the legacy enterprise unit may have unique rights to. The mother or father firm, in the meantime, is adopting the title Eviden, a variant of the Evidian model beforehand used for its safety merchandise.

EPEI has little expertise managing expertise corporations. The closest factor in its portfolio is a stake in Aareal Group, a financial institution that has an ERP software program subsidiary, Aareaon, which supplies digital options for the European property trade. Its different investments embrace minority stakes in nationwide postal providers, grocery store chains, client electronics shops and a French TV community.

Atos is searching for a clear break between the 2 halves of its enterprise, and has spent the final 12 months allocating workers to 1 half or the opposite.

“There aren’t any synergies as we speak between each divisions,” Nourdine Bihmane, Atos co-CEO answerable for Tech Foundations, stated in a convention name to debate the EPEI deal. “We are able to create a variety of worth by means of our give attention to probably the most enticing markets.”

Bihmane additionally introduced the appointment of a brand new group CFO, Paul Saleh, a veteran of Dash Nextel, CSC and DXC Know-how.

Saleh defined how Eviden plans to lift capital to develop its enterprise after the Tech Foundations sale. The corporate is planning a brand new share problem to lift €900 million in contemporary capital, €218 million of which can come from EPEI, and in addition hopes to lift one other €400 million from the sale of non-core belongings. It has already raised €700 million this manner during the last 12 months.