Tuesday, March 15, 2005

Merger of Siemens Business Services and Atos Origin on the cards?

There's been considerable media coverage these last 2 weeks regarding a possible merger of the IT services arm of Siemens (Siemens Business Services) with French rival Atos Origin. German investment bank Sal. Oppenheim issued a research note claiming that Siemens is in advanced negotiations with Atos Origin. The CEO of Siemens remarked on a conference call that all strategic options for the future of the SBS unit are being considered, whilst Atos Origin have refused to comment on the market speculation - both of which are adding fuel to the flames. Analysts believe there is merit in the deal as Atos Origin currently has only a modest presence in the German market but strategically is looking to expand in Benelux, the U.K. and Germany. Here are some examples of the recent media coverage:
interactive investor
Dow Jones Newswires

Any readers got any insights re. what's happening? Do post your comments below...


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