Atos Group Sells Its Nordic Subsidiary Ideal GRP to MAIT Group

About Ideal GRP

Ideal GRP is a product lifecycle management system integrator and a Platinum partner of Siemens Digital Industries Software, the company states. Founded in 1992, the company has operated under the Eviden brand, owned by Atos Group, for several years. It conducts its activities in Finland, where its headquarters are located, as well as in Sweden, Norway, Denmark, and Estonia. The entity offers consulting, integration, software, and maintenance services to large companies in the industrial, defense, technology, media, and telecommunications sectors. According to the statement, the business generates about 20 million euros in annual revenue in Scandinavia and has nearly 80 employees.

Strategic Fit with Genesis Plan

This operation is part of the Genesis plan implemented by Atos Group, which aims to achieve sustainable growth and enhanced profitability, the group specifies. The plan involves focusing on strategic activities, including artificial intelligence, secure solutions and services, as well as cloud computing. According to Atos, the transaction will allow Ideal GRP to consolidate MAIT Group's expertise in lifecycle management while leveraging the buyer's regional presence to support its development in the Nordic countries.

Transaction Completion Timeline

The completion of the transaction is expected in the coming weeks, once all closing conditions are satisfied, the statement indicates. No financial details have been disclosed at this stage. Atos Group, which operates commercially in 61 countries, employs nearly 67,000 people and reports an annual revenue of nearly 10 billion euros, according to the group's data. The company, which operates under the Atos brand for services and Eviden for products, is listed on Euronext Paris.