Atos Is Said to Mull Bid for SIX's Unit After Gemalto Rebuff

Atos Is Said to Mull Bid for SIX's Unit After Gemalto Rebuff

(Bloomberg) -- Atos SE is considering a bid for Swiss stock market operator SIX Group AG’s payments processing business, people familiar with the matter said, as the French IT services provider seeks acquisitions after its bid for Gemalto NV was rebuffed in favor of a rival offer.

Atos could use the acquisition to boost growth at its payments unit Worldline SA, the people said, asking not to be identified because the considerations are private. Buyout firm Nordic Capital is also among funds weighing in bids for the business, the people said.

First Data Corp., Ingenico Group SA as well as buyout firms Warburg Pincus, Hellman & Friedman, Advent International and Bain Capital are also among potential bidders for the business, people familiar with the matter have said. A sale could the asset at about 2 billion Swiss francs ($2.1 billion), they said.

Representatives for Atos, Nordic Capital and SIX Group declined to comment.

French aerospace specialist Thales SA knocked out Atos’s unsolicited attempt to buy Dutch cybersecurity provider Gemalto SA in December, outbidding the rival with a cash offer d at 4.76 billion euros that won backing from the target company. Consolidation in the payment-services sector has accelerated as investors look for ways to tap into the shift to online spending.

©2018 Bloomberg L.P.

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