Schneider Electric

Atos Group in talks with Schneider Electric to sell EcoAct SAS, forging a green partnership

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Atos Group, a global leader in digital transformation, is in exclusive negotiations with Schneider Electric for the sale of EcoAct SAS and its subsidiaries, in a move that will not only strengthen Atos’ divestment program but also pave the way for an exciting collaboration focused on decarbonization.

France-based EcoAct is acclaimed for climate consulting and NetZero solutions. It offers a comprehensive range of services covering the entire Net Zero transition value chain from strategic planning and forecasting to effective carbon offsetting. EcoAct has firmly established itself as a formidable driver of sustainable transformation. It has a highly skilled workforce of nearly 400 individuals and reported a revenue of around €70 million in FY22.

Atos’ digital Net Zero Transformation practice, which supports clients across various industries in their decarbonization goals, will remain within the Atos Group and is not part of this potential transaction. Instead, Atos and Schneider Electric aim to join forces, combining their expertise in technology and sustainability to develop innovative products and solutions that will empower customers on their path to achieving NetZero emissions.

Atos has a steadfast commitment to sustainability, aiming to reach net zero carbon emissions by 2039. The acquisition of EcoAct in July 2020 was a strategic move, enhancing Atos’ portfolio of carbon reduction digital solutions, services, and strategies.

For Schneider Electric, the potential acquisition of EcoAct signifies an opportunity to expand its team of top sustainability consultants and bolster its ability to deliver strategic value to clients. By accelerating the transition to a carbon-free energy future, Schneider Electric aims to make a significant impact on global decarbonization efforts.

The completion of the potential transaction is contingent upon the necessary information and consultation with the respective employee representative bodies of Atos and Schneider Electric, as well as the agreement and signing of definitive documentation, and obtaining other customary regulatory approvals. It is anticipated that the transaction will be finalized in the second half of 2023.

Read next: Microsoft to drive sustainability through the Microsoft Cloud

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