No longer an owner in Olympics IT supplier
By Dan Ilett
Published: 15 July 2005 13:03 GMT
Dutch electronics and healthcare company Philips has sold its remaining stake in French IT services and outsourcing firm Atos Origin for €550m.
Philips said the sale will result in a non-taxable gain of approximately €190m in the third quarter of the financial year.
Before the transaction, Philips, which made €30.3bn in sales last year, owned 15.4 per cent of Atos, or 10.3 million shares.
Earlier this month, Atos Origin extended its IT services agreement with the International Olympic Committee (IOC) through to 2012.
Atos will design, build and operate the IT infrastructure for the 2010 Winter Olympics in Vancouver and the 2012 Olympic Games in London. The company is currently preparing for the 2006 Winter Olympics in Torino and the 2008 Olympic Games in Beijing.
Whether analysing the July 7 bombings, tracking the source of chemicals, providing security and counter terrorism support to the London 2012 Olympic ...
Atos Origin is the Worldwide Information Technology Partner for the Olympic Games and has a client base of international blue-chip companies across ...
Atos Origin is a leading international IT services provider. Design/Dev role will be working on Scotland CDC / NHSS AOA work as required, initially ...
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