27 May 2017
register for the webinar

Atos to spin off payments business

21 February 2013  |  10030 views  |  0 cash

IT services group Atos is to spin off its transactional services business to create a dedicated entity serving the evolving European payments landscape.

The carve out, which is expected to be finalised by mid-2013, will reveal a new business that generated EUR1.1 billion in revenue and EUR165 million in operating profit in 2012.

Atos says the new entity will be a "European leader" in the payment space with a more integrated and efficient management of operations.

"It will provide the strategic and financial flexibility to expand its product offerings across the entire transaction value chain including alliances and partnerships," says the company in a statement.

Atos has already begun consultations with labour unions over the implications of the move for staff.
KeywordsFINDEX

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Atos Worldline ships ready-to-go NFC mobile wallet

Atos Worldline ships ready-to-go NFC mobile wallet

17 September 2012  |  7621 views  |  0 comments
SIA buys out Sinsys JV partner Atos Worldline

SIA buys out Sinsys JV partner Atos Worldline

07 September 2012  |  6762 views  |  0 comments
Atos Origin eyes Indian payments market with Venture Infotek acquisition

Atos Origin eyes Indian payments market with Venture Infotek acquisition

31 August 2010  |  7738 views  |  0 comments
Atos Origin in fresh SIA-SSB takeover talks - report

Atos Origin in fresh SIA-SSB takeover talks - report

03 September 2009  |  8054 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.capgemini.com/worldreportsvisit www.ebaday.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
12799 views comments | 49 tweets | 79 linkedin
Bank/fintech collaboration can take transaction banking to new heightsBank/fintech collaboration can take transa...
7638 views comments | 12 tweets | 24 linkedin
R3 raises $107mR3 raises $107m
6691 views comments | 16 tweets | 16 linkedin
TransferWise launches multi-currency business bank accountsTransferWise launches multi-currency busin...
6632 views comments | 12 tweets | 20 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job