Atos Group, a global leader in digital transformation, today announced that it has entered into exclusive negotiations with Schneider Electric for the sale of 100 percent of EcoAct SAS and its subsidiary (” EcoAct “). Through this potential transaction, Atos will secure a divestment program for its non-core assets while establishing a strategic partnership with Schneider Electric on decarbonization.

EcoAct is an international leader in climate consulting and NetZero solutions, offering a unique portfolio of services covering the entire net zero transition value chain from planning and forecasting to carbon offsetting. The company generated revenues of around €70 million in the 2022 financial year and currently employs nearly 400 people.

The proposed transaction does not include Atos’ Digital Net Zero Transformation practice (part of Evident’s business), which is committed to supporting its clients across all industries in furthering their decarbonisation goals, which will remain within the Atos Group. Atos will also work closely with Schneider Electric to combine technology and sustainability expertise to build products and solutions that enhance its customers’ path to NetZero.

Atos remains highly committed to its own sustainability commitment, which aims to achieve net zero carbon emissions by 2039.

This proposed transaction, together with the ongoing divestment already underway, will enable Atos to complete its divestment programme ahead of the schedule announced on the Group’s Capital Markets Day on June 14, 2022.

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Diane Galbe, Senior Executive Vice President of Atos, said: “We are very pleased with this proposed transaction, after which we will secure more than 100% of the divestment plan and meet our commitments. Our transformation plan has shown encouraging results, and we have further strengthened our customers’ confidence in our ability to accompany them on their digital challenges.”

“Digitalisation and decarbonisation are key for all businesses today. As a result of our future partnership with Schneider Electric, we look forward to developing leading-edge products to accelerate our customers’ NetZero journey.”

Steve Wilhite, President of Sustainability at Schneider Electric, said: “As companies address the challenges posed by climate change, the energy crisis, and investor and regulatory pressures, the demand for sustainable goods and services is increasing rapidly. The solutions to these challenges are hard to navigate. “By combining with EcoAct, we will expand our team of world-class sustainability consultants and our ability to deliver strategic value to our clients, accelerating the transition to a carbon-free energy future.”

Stuart Lemmon, Global Head of EcoAct, said: “I am excited about the possibility of EcoAct joining Schneider Electric and continuing to enhance our ability to lead customers through the challenges at the heart of the energy and resources transition. I believe this transaction can provide fantastic opportunities for our talented and passionate ‘EcoActors’ and look forward to a promising future.”

The potential transaction remains subject to information and consultation with the relevant employee representative bodies of Atos and Schneider Electric, the agreement and signing of definitive documents, and other customary regulatory approvals. The potential transaction is expected to close in the second half of 2023.