M&A Deal Summary

HP Acquires Atos Origin Middle East

On October 22, 2007, HP acquired information technology company Atos Origin Middle East from GFH Capital

Acquisition Highlights
  • This is HP’s 11th transaction in the Information Technology sector.
  • This is HP’s 1st transaction in Bahrain.

M&A Deal Summary
Date 2007-10-22
Target Atos Origin Middle East
Sector Information Technology
Buyer(s) HP
Sellers(s) GFH Capital
Deal Type Add-on Acquisition

Target

Atos Origin Middle East

Manama, Bahrain
AOME is a leading organisation offering a full range of IT services from system design and integration to managing outsourced IT operations and business processes. Its key service lines consist of Consulting and Integration (CSI) and Managed Operations (MO). It specialises in industries such as the process industry (oil & gas), the public sector, the telecom industry, the financial services sector and the utility sector.

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Buyer(S) 1

Buyer

HP

Palo Alto, California, United States
Category Company
Founded 1939
Sector Technology Hardware
Employees58,000
Revenue 53.7B USD (2023)
DESCRIPTION
HP's corporate headquarters in Palo Alto, California.
HP's corporate headquarters in Palo Alto, California.

HP is the hardware successor to Hewlett-Packard Company. HP focuses on providing hardware, printers, and personal computing products. HP was founded in 1939 and is based in Palo Alto, California.

DEAL STATS #
Overall 64 of 96
Sector (Information Technology) 11 of 17
Type (Add-on Acquisition) 58 of 87
Country (Bahrain) 1 of 1
Year (2007) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-23 Neoware

King of Prussia, Pennsylvania, United States

Neoware, Inc. is a provider of enterprise software, thin client appliances, and related services that make computing more open, secure, reliable, affordable and manageable.

Buy $214M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-18 Hewlett-Packard Indigo B.V.

Maastricht, United Kingdom

Hewlett-Packard Indigo B.V. is a manufacturer of digital offset color printing systems for commercial and industrial applications.

Buy -

Seller(S) 1

SELLER

GFH Capital

Dubai, United Arab Emirates

Investor Investor Investor

Category Merchant Bank
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

GFH Capital is an investment firm focused on growth companies at all stages of development. GFH Capital will consider opportunities in a wide range of sectors, including financial services (asset managers, banks, insurance, consumer finance), healthcare (pharmaceuticals, medical products, healthcare services), TMT (telecommunications, business services, media/information, software, payments processing), energy (oil/gas exploration, power generation, alternative), and consumer/industrial (real estate, building materials, food, consumables). GFH Capital was established by the Islamic Development Bank Group and the Gulf Finance House. The Firm is based in Dubai.

DEAL STATS #
Overall 2 of 4
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 3
Country (Bahrain) 1 of 1
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Raya

6th of October, Egypt

Raya Holding for Technology and Communications SAE is an operator of information technology, data center outsourcing, contact center, smart buildings, consumer electronics, social media development, food and beverage, land transport and PET remanufacturing.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-26 Omnix Media Networks

Dubai Media City, United Arab Emirates

Omnix Media Networks, established in 1987 with headquarters in Dubai Media City, UAE, is a leading provider of professional audio visual and computer aided design, information technology, knowledge management, networking, hospitality, security solutions and products in the Middle East.

Sell -
Mergr

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