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Siemens and Atos announced the reinforcement of their strategic cooperation, with plans to accelerate their joint business until 2020 through an ambitious joint go-to-market plan and the strengthening of their joint innovation and investment program. The investment has been increased by €100 million, totaling €330 million – more than three times the original sum. This will further support the Siemens and Atos IoT MindSphere-Codex strategic co-operation as well as the joint go-to-market.
The joint innovation and investment program aims to enhance Siemens and Atos' digital strategy and develop joint capabilities in Data Analytics, Artificial Intelligence, advanced IoT and connectivity services, cybersecurity and digital service technologies to support the digital transformation of their customers through an end-to-end IoT suite.
Since the start of the partnership in 2011, Siemens and Atos have achieved a joint order intake of €2.5 billion and significantly surpassed all expectations. The Alliance continues to deliver strong business results while addressing important digital and innovative technologies, said a board member.
As part of this Alliance, Siemens contributed its IT solutions and services business to Atos in exchange for around 12.5 million Atos shares. The deal created a new European IT champion for systems integration, application management, cloud computing, with IT solutions for industry software, mobility, building technologies, smart power grids and other IT services.
Keywords: Siemens, Atos, Alliance, Strategic Cooperation, ARC Advisory Group.