Tech mahindra
Tech mahindra

Stockmann to transfer part of its ICT activities to Tech Mahindra

The purpose of the long-term partnership is to increase efficiency in developing innovative ICT solutions to Stockmann’s customers, to lower costs, and to harmonise and centralise ICT services

Hyderabad, November 02, 2016 Stockmann, a Finnish company engaged in retail operations, has signed a five-year cooperation agreement with Tech Mahindra to produce part of Stockmann’s ICT (Information and Communications Technology) services.

As a consequence, Stockmann will consolidate the maintenance and development of business applications and infrastructure offered by more than 20 current service providers and delivered from several countries to one dedicated supplier. At the same time, 33 of Stockmann's current ICT employees are planned to transfer to Tech Mahindra on 1 January, 2017 under a business transfer agreement. The target of the planned changes is to reduce Stockmann’s ICT costs by about EUR 4 million annually from 2018 onwards.

“This partnership is the start of a new phase in developing ICT services at Stockmann. It will allow us to ensure efficient production of up-to-date services to our customers in the stores as well as online. Tech Mahindra has deep knowledge of offering digital services to well-known retail companies worldwide, and we are glad to gain this expertise for the benefit of our customers,” says Petteri Naulapää, CIO at Stockmann.

Stockmann will maintain an ICT organisation with about 40 employees responsible for IT portfolio management and development of business processes, applications and digital services for Stockmann’s customers.

“Tech Mahindra is extremely pleased for being chosen as the strategic ICT supplier to Stockmann. We are quite hopeful that by bringing in best-in-breed technology solutions and services and by global best practices in this space, we will help Stockmann in significantly enhancing its operational efficiency in the fast evolving retail landscape globally,” said Rajesh Chandiramani, Head of Enterprise Business - Continental Europe & British Telecom Engagement, Tech Mahindra.

Tech Mahindra is a specialist in digital transformation, consulting and business reengineering, offering innovative and customer-centric information technology services and solutions to over 825 customers globally. The company which has been providing IT services in the Nordic region for around last 10 years, has over 2000 employees working for customers in the Nordic region spanning across sectors such as automotive, aerospace, financial services, public sector as well as retail among others. Recently, the company launched its European hybrid cloud infrastructure facility, from the Nordic region.

About Stockmann

Stockmann, established in 1862, is a Finnish listed company engaged in the retail trade. It has almost 52 000 shareholders and about 9 000 employees. The Group's revenue in 2015 was EUR 1 434.8 million. Stockmann's operating structure is devided in three divisions – Stockmann Retail, Real Estate and Lindex.

For further queries

Petteri Naulapää, CIO,

Tel. +358 9 121 5377


Nora Malin, Director, Corporate Communications

Tel.  +358 9 121 3558

www.stockmanngroup.com

 

Shalini Singh

Global Media Relations & PR

Email: mediarelations@techmahindra.com

Phone: +91 120 713 9103

Disclaimer

Certain statements in this release concerning the future prospects of Tech Mahindra Limited (“the Company” or “TechM”) are forward-looking statements. These statements by their nature involve risks and uncertainties that could cause the Company’s actual results differ materially from such forward looking statements. The Company, from time to time, makes written and oral forward-looking statements based on information available with the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company

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Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.9 billion company with 125,700+ professionals across 90 countries, helping 941 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018).

We are part of the USD 21 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.

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