The deal was announced is already in the autumn, and on Tuesday the contract was signed. HCL takes over about 40 of Volvo IT’s existing customers and all employees. This means that the company now enters the Swedish consulting companies’ top-ten list.
– This is one of the largest transactions in the IT globally in recent years and certainly the largest that an Indian company made. It is not a big deal, it’s a mega-deal, says Pankaj Tagra, head of HCL’s Nordic operations said.
The employees in eleven countries involved, most of them in Gothenburg. There, HCL also to place the main Swedish operations.
– We will be able to use the resources and expertise available within Volvo IT worldwide and not least in the Nordic countries, says Tagra.
among HCL’s customers are among others Electrolux and Ikea. Some of Volvo IT’s major customers include Volvo Cars, H & amp; M, SJ and the City.
According to Volvo, the deal will lead to long-term cost savings and a capital gain of SEK 900 million, affecting the results for the first quarter.
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