The investment bank’s analyst Ariel Bauer believes that Atos Origin will strengthen its presence in the UK, which will add up to 15% of the company’s revenues. KPMG Consulting will account for 17% of Atos Origin’s revenues as a whole.
Bauer feels Atos Origin’s past record with integration will see it through any potential problems, but the process is likely to take 6-12 months.
The deal has cost Atos Origin 1.1x sales, which is in line with the industry average, and considerably lower than the price Cap Gemini paid for Ernst & Young’s consulting arm, which equated to around three times revenues. It also sees a lock-up agreement of four years for consulting partners and one year for audit partners.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice