Atos purchase of KPMG units could spark IT consolidation

Wednesday 5 June 2002 at 16:00

The acquisition of the UK and Dutch consulting businesses of accounting firm KPMG by Atos Origin, the French IT company, should hasten consolidation in the sector, according to analysts.

The €657m ($615m) deal, constructed by UBS Warburg and Goldman Sachs, will put pressure on other companies in technology consulting, such as Getronics in the Netherlands, Dimension Data in South Africa and Logica in the UK.