HCL Technologies has
completed the outsourcing deal with Swedish auto major -- Volvo Group for
infrastructure and application operations, making Volvo ready for the rapid
advancements in business enabling technology such as cloud, automation,
business intelligence and big data.
HCL also
acquired Volvo’s external IT business, adding 40 new customers from Nordics and
France to its portfolio, further enhancing its position in these regions, the
company said.
The deal
follows a Letter of Intent that was announced by Volvo Group in October that
HCL will use its 21st Century Enterprise Framework to deliver on a technology
transformation roadmap for optimising Volvo Group’s infrastructure and
application operations.
Around 2,500
people working for the Volvo Group will transfer to HCL across 11 countries, it
said.
According to
sources, the deal is pegged around $138 million (around ₹895 crore).
The company
said Volvo IT customers would now have the advantage of access to a broad range
of differentiated global capabilities, tools and processes that integrate with
technology environments at a global level.
It would
also create an automotive centre of excellence in Gothenburg based on the
domain expertise of the Volvo team, to serve HCL’s global automotive and
manufacturing customers.
“We welcome
over 40 new Volvo IT customers to the HCL client base. This addition enables
HCL to achieve an even stronger presence in the Nordics and the wider European
region, and accelerates our journey in these markets,” said Anant Gupta, President
and Chief Executive Officer, HCL Technologies.
“Combining
the strengths of HCL with those of the transferred parts of Volvo IT will
result in an organisation with formidable capabilities and an intimate
understanding of Volvo Group needs and opportunities,” said Olle Högblom, CIO of the
Volvo Group and President of Volvo IT.
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