Atos buys French IT services firm Bull for 620 million

28 May 2014

Atos has bought IT-services firm Bull for a fee of approximately €620 million. As a result of the deal Atos strengthens its position in the European IT consulting landscape, in particular in the field of Cloud, Big Data, and Cybersecurity.

Bull has over the past decades built a strong track record in the IT-market. The firm has 9.200 employees and a revenue just under €1,3 billion, of which half is earned in the French home-market. Bull works for large multinationals such as Carrefour, Électricité de France and Total and public institutions. Although its service portfolio spans the full IT-landscape, it specializes in Big Data and Cybersecurity matters.

For Atos the main reason behind the acquisition is scale in these two expertise areas. Big Data is one of the fast growing segments within the IT-market with a growth rate of roughly +40% per year and is expected to reach €12 billion through 2015.

Atos buys French IT services firm Bull

With the addition of Bull to its organization Atos expects to have a dedicated Big Data & Cybersecurity unit with revenue of more than €500 million, according to the firm making it a global market leader in this field. “Bull’s highly recognized teams in advanced technologies such as high computing power, data analytics management, and cybersecurity ideally complement Atos’ large scale operations. This transaction will strongly benefit Bull and Atos clients, employees, and shareholders” says Thierry Breton, CEO of Atos.


In addition, Atos expects to gain synergies from the bundling of services and back-office activities. After completion of the integration plan (24 months) the firms expect €80 million of annual cost synergies, of which the largest share (€50 million) will be the result of efficiency in procurement and real estate.

Atos currently has 76.300 employees across the globe and a revenue of €8,6 billion.


SQW Group purchases property-based regeneration consultancy

19 April 2019

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”