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Old 1st Nov 2001, 15:52
  #11 (permalink)  
pdashley
 
Join Date: Sep 2001
Location: UK
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Hooking Fell

The situation between LH and Atraxis pre 11th Sept was that they were discussing a merger, with the new company to be 50% owned by the Swissair Group and 50% by Lufhansa. Sadly after the events post 11th September with the Swissair Group going bust things changed.

The new game was to sell Atraxis as a going concern. The likely investors were:
EDS, IBM, Amadeus, Galileo and Lufhansa Systems. Although I can't see why Amadeus would want to buy Atraxis as they only recently purchased the BA res&DCS systems.

Hot off the press in the last few minutes is that Lufhansa Systems has agreed to buy Atraxis, I don't know in what form or what they intend to do with it, but if true it seems the future of Atraxis is secured for now. Although the announced layoffs at Atraxis (I am one) will still go ahead.
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