Paris: Atos, the international IT services and consulting firm, and worldwide IT Partner for the 2012 Olympic and Paralympic Games, is to acquire a 50% stake in MSL Group, provider of real-time results and information systems for major sports events.
The deal, which is expected to close by 31st March 2012, also includes an option for Atos to acquire MSL Group in full. MSL Group annual revenues are around 15 million Euros. Terms of the acquisition were not disclosed.
Together MSL Group and Atos Major Events turn Atos into a leader in the highly specialised sports and major events IT sector with about 500 specialized business technologists integrated with teams of up to 5000 IT experts at its disposal.
The deal seals a long term relationship that started with the Barcelona 1992 Summer Olympics. Both MSL Group and Atos Major Events have long term experience in the sports and other events IT industry and offer highly complementary services.
Patrick Adiba Chief Executive Officer, Iberia, Olympics & Major Events at Atos, said, "Today's announcement marks a major milestone in our strategy to be the global IT leader for major events. We have a strong heritage in this specialized IT, having delivered 50 successful global events worldwide since 1989.
"By joining forces with MSL Group, we have a strengthened portfolio that will ensure our business technologists can continue to write history for sporting and major events around the world and that as a business we increase our market share as well as value from each deal."
Jose Alberto Jaen, Founder of MSL Group, said, "I am delighted to be working with Atos, a recognized leader in the IT sports industry. Our experience and expertise is extremely complementary and I am very excited that through this deal, we will have the opportunity to support some of the biggest sporting events in the world."
The new combined portfolio provides the full range of services required to stage world class sports events from timing and scoring through to Information Diffusion Systems that distribute the results to international media, news agencies, websites and TV graphics. It also includes Games Management systems, System Integration and Games Times Operations.
Employees from both MSL Group and Atos Major Events are based in Spain and will start to collaborate immediately on key projects and new developments.