OLX Group, an online marketplace owned by Prosus, agrees to acquire La Centrale, a French auto classifieds platform, for $1.3B in cash, expected to close in Q4
Loni Prinsloo / Bloomberg :
Paris-based Capgemini plans to acquire US-listed IT outsourcing company WNS for $3.3B in cash, seeking to boost its agentic AI services; WNS serves 600+ clients
The French group said it will take over the US-listed firm for $76.50 per share, a premium of about 28% to WNS's average price over the past 90 days.
French IT group Atos says it will simplify its organization, cut expenses, and focus on AI, aiming to reach €9B to €10B in 2028 sales, after years of setbacks
Under the plan, Atos aims to reach €9 billion ($10.1 billion) to €10 billion in sales in 2028 …
Hugging Face acquires French startup Pollen Robotics, which makes the bug-eyed, two-armed, humanoid robot called Reachy 2, and plans to sell the robot
Hugging Face has acquired the open source robot startup Pollen Robotics to help “democratize” robotics.
Sources: Ubisoft's founding Guillemot family and Tencent consider options, including a buyout of Ubisoft after it lost 50%+ of its value in 2024; UBI jumps 25%+
- Deliberations come after fall in game developer's share price — Tencent, Guillemot family hold minority stakes in French firm
French cybersecurity company Exclusive Networks receives a binding buyout proposal from private equity firms CD&R and Permira valuing Exclusive at ~€2.2B
Phil Serafino / Bloomberg :
Atos reaches a deal with its creditors, including restructuring €2.9B of loans and bonds into equity, injecting €233M, and letting the creditors take control
The key elements of the restructuring framework (the “Restructuring Framework” … Juliette Jabkhiro / Reuters : Atos reaches deal in principle with creditors on restructuring, says media report X: Domi...
Private equity firm Bridgepoint buys a majority stake in LumApps, used by ~700 organizations to build and provision comms and workforce apps, in a $650M deal
Big news today for LumApps, the French startup that describes itself as an “intranet superapp” with a platform for building …
French electrical equipment maker Legrand agrees to acquire Dutch health software company Enovation from PE firm Main Capital Partners, sources say for €500M+
Bloomberg :
Airbus ends talks with Atos on a deal worth up to €1.8B for its big data and security unit, imperiling efforts by Atos to avoid going into debt restructuring
Decision adds pressure on indebted French IT services company — Airbus has walked away from talks with Atos over a potential deal …