The company said the proposed transaction is subject to a consultation of employee representative bodies and other customary regulatory approvals. The deal would be expected to close in H2 2023.
Mitel said combining forces with Unify would create “a prominent UC leader in the Americas and Europe”. The collective customer base would comprise 75 million users in over 100 countries and a channel community of more than 5,500 global partners.
Tarun Loomba, president and chief executive officer of Mitel, would serve as president and chief executive officer of the combined company. Additional members of the management team would be selected from both companies during the closing period.
Loomba explained, “The UC industry today holds significant opportunities to grow through M&A, aligning well with Mitel’s strategy and expertise.
“The addition of Unify’s portfolio, partners and talent would significantly expand Mitel’s scale and offerings, enabling us together to offer customers even greater choice and flexibility throughout the lifecycle of their business communications.”
Marcus Hänsel, chief executive officer of Unify at Atos, added, “Unify and Mitel both have a deep heritage in the communications market centered around customer needs and a channel-driven go-to-market strategy.
“Mitel’s commitment to UC, heritage of success, and experience integrating complementary global businesses gives us great confidence in our future together.”
The proposed transaction would also expand Mitel’s reach and organisational scale, with the company adding this would increase global revenues and profitability.