HCL Technologies (HCL) has announced the signing of a significant IT outsourcing deal with the Volvo Group,
HCL Technologies (HCL) has announced the signing of a significant IT outsourcing deal with the Volvo Group, one of the world’s leading manufacturers of commercial vehicles and the customers of its external IT business. HCL has also acquired Volvo’s external IT business, adding 40 new customers from the Nordics and France to its portfolio, further enhancing its market-leading position in these regions. Approximately 2,500 highly skilled 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.
“We are excited to drive business transformation through IT for one of the world’s leading companies. 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. We are also pleased to have significantly enhanced our diverse workforce, with highly skilled industry professionals joining us from Volvo’s IT business. The Volvo Group’s employees and consultants will add great value for our customers with the skills and expertise that they bring. We are delighted to welcome them to our team. The deal perfectly embodies HCL’s ongoing mission to develop its business with an innovation-led mind set,” said Anant Gupta, President & CEO, HCL Technologies….See MOre