Tech giant HCL Technologies announced its acquisition of Volvo Group’s external IT business and a five-year outsourcing deal it signed with the commercial vehicles maker.
The acquisition, for which the companies signed a letter of intent in October, will add 40 new customers in the Nordic and France regions and 2,500 highly skilled employees from 11 countries to HCL’s portfolio.
About 2,500 people working for the Volvo Group will transfer to HCL across 11 countries. The deal is one of the largest IT deals signed by any Indian IT company, and a first in the industry to use principles of Vested Sourcing as the basis of the relationship for an IT outsourcing engagement of this size and magnitude.
HCL will deliver on a technology transformation roadmap that spans over 3,500 applications, 20 + data centres, over 11,000 servers, 12 PB of storage, 20,000+ MIPS of mainframe capacity and over 15,000 network devices. As part of this roadmap, HCL will also provide over 65,000 Volvo end users with access to productivity and user enablement solutions, such as Microsoft Office 365.
