23 May 2017
Visit www.capgemini.com/worldreports

Atos to spin off payments business

21 February 2013  |  10025 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  |  7614 views  |  0 comments
SIA buys out Sinsys JV partner Atos Worldline

SIA buys out Sinsys JV partner Atos Worldline

07 September 2012  |  6753 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  |  7734 views  |  0 comments
Atos Origin in fresh SIA-SSB takeover talks - report

Atos Origin in fresh SIA-SSB takeover talks - report

03 September 2009  |  8047 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.capgemini.com/worldreportsvisit www.niceactimize.comDownload the paper now

Top topics

Most viewed Most shared
European banks lobby Commission to push ahead with screen scraping banEuropean banks lobby Commission to push ah...
8733 views comments | 29 tweets | 35 linkedin
Time for data-driven banking to come of ageTime for data-driven banking to come of ag...
8628 views comments | 28 tweets | 35 linkedin
Google and PayPal partner for mobile shopping by fingerprintGoogle and PayPal partner for mobile shopp...
8433 views comments | 27 tweets | 27 linkedin
Banks must get on AI bandwagon now – new Finextra researchBanks must get on AI bandwagon now – new F...
8178 views comments | 22 tweets | 30 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
8129 views comments | 19 tweets | 24 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job