The FINANCIAL — Siemens and Atos on March 26 announce the reinforcement of their strategic co-operation, 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 program 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 & connectivity services, cyber security and digital service technologies to support the digital transformation of their customers through an end-to-end IoT suite, according to Siemens.
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.
At its last meeting on March 9th, the Alliance Board expressed its satisfaction about the performance of the business collaboration, which continues to exceed its objectives.
“The Alliance continued to deliver strong business results while addressing important digital and innovative technologies,” said Roland Busch, Chief Technology Officer and member of the Managing Board of Siemens AG and member of the Board of Atos SE. “We will further combine the strength of both companies and leverage the joint investment program to further expand our approaches in topics like Cybersecurity and Artificial Intelligence. It is also important for us to have Atos as a key ecosystem partner for MindSphere which comprehensively supports our ambitions.”
“The strategic alliance between Atos and Siemens that we decided to create in 2011 is unique in our industry. Through our digital collaboration, we are combining our industry and technology knowledge to support together and end-to-end the digital transformation of our customers. With our combined MindSphere – Codex IoT suite, I am convinced that our customers will benefit even more from our strategic alliance,” said Thierry Breton, Chairman and CEO of Atos SE.
Atos and Siemens formed a global strategic partnership in summer 2011. As part of this partnership, 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.
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