PARIS (Reuters) – Paris-based Butler Industries is becoming a member of a consortium to rescue distressed IT consulting agency Atos, the corporate’s main shareholder Onepoint stated on Sunday in a press release.

Onepoint, which holds 11.4% of Atos, stated final month it was prepared to take a position and organise the group’s capital restructuring to guard the integrity of its property after planemaker Airbus pulled the plug on a deal to purchase the ailing firm’s cybersecurity property.

The consortium’s ambition is “to make Atos the European platform for digital, cybersecurity and synthetic intelligence, and the main European cloud operator,” the Sunday assertion learn.

David Layani, chief government of Onepoint, stated he was happy to have the help of investor Walter Butler, the founding father of Butler Industries.

“He is strengthening our OneAtos undertaking,” Layani stated.

Saddled with nearly $5 billion in debt, Atos will maintain a name with its collectors on April 8 as a part of its debt restructuring talks.

Atos’ cybersecurity unit is house to a few of France’s strategic property, together with cybersecurity for the upcoming Paris Olympic Video games, and authorities have stated they’re authorized methods to maintain it below French management.