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,