Thales is exploring a plan to potentially acquire BDS (the cybersecurity arm of Atos), according to Reuters. The strategy could involve private equity firms acquiring the remaining IT services components of Atos, the report suggested. Still, the Atos cybersecurity business is not for sale, a spokesperson told the media outlet.
Both Thales and Atos BDS rank among the world's Top 250 MSSPs. A potential Thales-BDS combination would create a cybersecurity giant in France.
The M&A speculation surfaced only a few weeks after Atos named Rodolphe Belmer as CEO and the company completed the Cloudreach acquisition. Rumors about Atos being up for sale have also surfaced from time to time. Among the reasons: Atos financial performance has generally lagged that of Accenture and other global systems integrators.
Thales and Atos: Each Has M&A Experience
Both Thales and Atos have M&A experience in the cybersecurity market.
Thales, for instance, moved to acquire Gemalto for $5.6 billion in 2017 and completed that deal in 2019. Thales gained major Internet of Things (IoT) and cybersecurity expertise in the purchase. Ironically, the Gemalto sale to Thales surfaced only a few days after Gemalto rejected a $5 billion bid from Atos.
Meanwhile, example Atos acquisitions include:
Story published February 2, 2022. Updated February 3 to reflect Atos stating cybersecurity unit is not up for sale.
