Atos has received a non-binding offer from the French government to acquire its advanced computing activities for an enterprise value of around $521 million.

French IT firm Atos has entered negotiations with the government over the potential acquisition of its advanced computing activities for an enterprise value of 500 million euros ($524 million), it said on Monday.

The French government has made an offer to buy parts of Atos SE it considers to be strategic for an enterprise value of €500 million ($524 million) and potentially up to €625 million including earnouts,

The French government has launched a new bid to acquire part of Atos, offering €500 million ($525m) for the IT vendor’s HPC, quantum, and artificial intelligence activities.

French IT firm Atos on Monday entered negotiations with the government for the potential acquisition of its advanced computing activities for an enterprise value of 500 million euros ($524 million). The target is to have a share purchase agreement signed by May 31,