Key Points
- Atos is selling its Latin American division to Semantix, a Brazil-based company.
- The deal involves 2,800 employees across six different countries.
- This sale helps Atos raise cash for its financial restructuring. Atos almost collapsed in 2024 before lenders took control.
- The company has successfully reduced its debt by 2.1 billion euros.
French IT giant Atos is selling its Latin American operations to a Brazilian tech firm named Semantix. The two companies confirmed the binding deal on Friday as part of Atos’s ongoing reorganization. This sale is a key step for Atos, which has spent the last year trying to recover from a near-collapse.
The sale involves a division that employs roughly 2,800 people across several countries, including Brazil, Argentina, Chile, Colombia, Peru, and Uruguay. Although the announcement didn’t mention the exact price, Atos expects to finalize the paperwork and close the deal within the next few months.
This decision is the latest move in a long survival story. Just a couple of years ago, Atos was one of France’s most successful technology companies. However, by 2024, the firm was drowning in debt and almost went out of business.
To save itself, Atos underwent a massive financial overhaul at the start of this year. During that process, the company’s lenders and bondholders became the primary owners.
The turnaround seems to be making some progress. Atos has already reduced its debt by about 2.1 billion euros. The company is now focusing on selling assets that aren’t part of its core future goals. By selling the Latin American branch, Atos can raise much-needed cash and simplify its global structure.
For Semantix, the buyer, this deal offers a huge opportunity to expand its footprint across South and Central America. For Atos, it represents another step toward stability. The company’s new owners are betting that by making the firm smaller and more focused, they can eventually return it to its former glory.
For now, the focus remains on paying down outstanding bills and ensuring the rest of the business remains afloat during this transition period.
