Atos acquires Montreal-based manufacturing IT specialist Processia

Global IT consultancy Atos has acquired Processia, a Montreal-based IT consultancy specializing in product lifecycle management (PLM) technology.

Processia focuses entirely on the PLM solution from Dassault Systemes, which helps manufacturing companies manage the entire lifecycle of a product from inception through to design, manufacturing, maintenance, and disposal.

A Dassault Systemes Global Partner, Processia offers consulting, system integration, and managed services for the 3D Experience platform – serving clients in automotive, aerospace, life sciences, discrete manufacturing, and high-tech. The firm’s consulting offerings includes planning, project management, and solution, software, and infrastructure architecture.

Founded in 2000, the consulting firm has approximately 250 professionals across offices in Canada, the US, the UK, France, the Netherlands, Sweden, and India.

Atos’ acquisition of Processia will strengthen its PLM and engineering solutions practice, where it works with technology partners Siemens, PTC, and Dassault Systemes. The transaction, which is slated to close in the second quarter, will also expand Atos' footprint in Europe and North America, particularly in Canada.

The Paris-based firm earlier this year acquired Canadian cybersecurity firm In Fidem, adding approximately 100 employees across offices in Montreal, Ottawa, and Quebec City.

Atos also this month acquired Cryptovision, a Germany-based digital identity specialist, and Ipsotek, a UK-based provider of AI-enhanced video analytics software.

Atos earlier this year made a bid to acquire US-based IT consultancy DXC, though the $10-billion offer was ultimately rejected.

The public company saw its stock prices dip more than 10% earlier this month when it disclosed it was investigating accounting errors at two of its US entities – Atos IT Solutions and Services Inc. and Atos IT Outsourcing Services LLC. As part of a regular audit, Atos accountants found several issues with financial reporting that led to accounting errors. The French multinational has hired external firms to determine whether the errors led to a material misstatement of financial performance.

Atos has approximately 105,000 employees globally and annual revenue of $18.5 billion.