Atos agreed to sell its Worldgrid business to French information technology and engineering consultant Alten in a $294 million deal.

PARIS (Reuters) - Atos said on Tuesday it had signed an agreement to sell its Worldgrid business unit to Alten for 270 million euros ($293.7 million) on an enterprise value basis, in a transaction expected to close before end-2024.

French technology company Atos has signed a share and asset purchase agreement with IT and engineering solutions provider ALTEN for the sale of its Worldgrid business unit for €270m ($294m). Worldgrid offers consulting and engineering services and has a workforce of nearly 1,

Atos signs binding agreement to sell Worldgrid to ALTEN for an enterprise value of €270 million