French IT company Atos to sell Latin American businesses to Brazil's Semantix

French IT ‍company Atos said on Friday it ⁠signed a binding agreement to sell its Latin American operations to ‌Brazilian ‌tech company Semantix as part of ‌a broad restructuring plan.

The business to be sold employs about 2,800 people in Brazil, Argentina, ​Chile, Colombia, Peru ​and Uruguay, Atos said, ‌without ‍disclosing the financial details ‍of the transaction. It expects ‌to close the deal in the coming months.

The once-mighty French technology company completed a sweeping financial restructuring early this year ‍after financial troubles almost toppled it in ‍2024.


It has ⁠since ⁠slashed 2.1  billion euros in debt, with banks and other bondholders becoming the main shareholders of the company. The turnaround plan focuses on asset sales.