the French group Chapsvision interested in defense and cybersecurity activities

the French group Chapsvision interested in defense and cybersecurity activities
the French group Chapsvision interested in defense and cybersecurity activities

The company is responding to the call from the government, which wishes to be supported in resuming certain activities of the former flagship of French Tech.

A potential buyer for certain Atos activities. The French group Chapsvision is interested in the defense and cybersecurity activities of the former flagship of French Tech, he told AFP this Friday, May 3, a few hours before the deadline set by Atos to receive refinancing proposals from its creditors.

The activities coveted by this data analysis specialist, who confirmed information from Echoesare housed in the entity “big data” and security (BDS). Bercy had expressed its interest on Sunday in certain parts of this division, in order to avoid sovereign activities “pass into the hands of foreign actors”. The Minister of the Economy, Bruno Le Maire, then clarified his wish to rally other French actors, so that “the State is not alone” in this operation.

A more restricted scope than that targeted by the government

Appeal heard by Chapsvision, which nevertheless targets a more restricted scope than the government, with the branch “Mission-Critical Systems” (MCS) and cybersecurity products. “Provided that the State advances in its strategy of taking over strategic assets, then we will position ourselves on these”declared a spokesperson for the company to AFP.

The MCS branch notably includes the command system for the Army’s Scorpion program, navigation tools for the naval forces and the merchant navy and the system for securing communications networks on board Rafale aircraft. “F4” from Dassault. It also manages the C4I (Command, Control, Communications, Computers and Intelligence) system, a solution that delivers a map of the battlefield updated in real time to the army chain of command. Mission-Critical Systems finally includes the company Avantix, specialized in listening systems for intelligence services.

Atos’ cybersecurity product branch integrates various encryption, cryptoanalysis and access control solutions.

Debt of 5 billion euros

Chapsvision could nevertheless have to jostle with Thales, which announced on Tuesday its potential interest in the same activities within BDS.

In great financial difficulty, Atos has set Friday as the deadline for its creditors to submit refinancing proposals. The company explained that it now needs 1.1 billion euros in liquidity for its activity in 2024-2025 (compared to an estimate of 600 million euros previously). It also said it wanted to reduce its gross debt by 3.2 billion euros, which is around 5 billion, while it initially wanted to reduce it by half.

A competitor to the American giant with a sulphurous reputation, Palantir, Chapsvision counts the Ministries of the Interior and Defense among the clients of its data processing solutions. The company was recently selected to experiment with algorithmic video surveillance, that is to say cameras equipped with image analysis software, within the framework of the Olympic Games law.

Founded in 2019, it has made more than a dozen acquisitions since September 2020, including Deveryware in 2022, a French expert in investigation software serving law enforcement, according to its website. With nearly 700 employees and 600 customers, the group is targeting a turnover of more than 200 million euros in 2024.

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