HP (NYSE:HPQ) today announced that is has signed a definitive agreement to acquire the Atos Origin Middle East group, also known as "AOME," one of the Middle East's leading systems integrators, to broaden its consulting and integration capacity in the region.
AOME, an independent group of companies headquartered in Bahrain, employs more than 450 people primarily in its offices in Saudi Arabia, Bahrain, the United Arab Emirates, Qatar and Libya, and is the region's leading implementer of SAP projects.
"The Middle East is one of our fastest growing markets and this acquisition expands our ability to better service the needs of our customers," said Ken Willett, vice president and managing director, Middle East, Mediterranean and Africa, HP. "In addition, AOME's proven ability to design, deploy and support large-scale enterprise resource planning systems based on SAP will help us capitalize on this fast-growing market."
The acquisition is expected to deliver three key strategic assets to HP: enhancement of the company's SAP capabilities in the Middle East; reinforcement of HP's expertise in two key market segments - the public sector and oil and gas; and, the extension of HP's geographic presence into Libya and Qatar.
"This is an exciting day for all of us at AOME. Joining HP's professional services team gives AOME the ability to be globally supported technically, gives us the financial strength to be able to better support our clients, and allows us to compete for large infrastructure projects in the region," said Ferras Zalt, chief executive officer, AOME. "AOME's consulting skills with HP's global reach and knowledge will help our clients in the region meet their business challenges."
The acquisition is subject to certain customary closing conditions. The transaction is expected to be completed in November.