Atos Origin will acquire the IT services division of German retailer KarstadtQuelle AG under an outsourcing contract the companies signed late last week. Financial details were not disclosed.

The deal will see Atos Origin take over KarstadtQuelle’s in-house infrastructure arm, Itellium Systems and Services GmbH, and become responsible for managing the German retailer’s data processing centres, network operations, terminal device support and application management.

Approximately 900 staff will transfer to Atos Origin under a business transfer arrangement.

Although the price of the deal was not disclosed, ComputerWire estimated the deal to be worth $500 million over ten years, which the publication said would make it by far the largest deal signed by Atos Origin to date. read more