HCLTech and Infosys are in a fierce battle for a $1 billion IT contract with Swedish truck maker Volvo Group, which is up for renewal, based on a report. Each corporations had their management groups in Gothenburg, Sweden, final week for the ultimate spherical of negotiations.
For HCLTech, the negotiations are being led by Ashish Kumar Gupta, head for EMEA and company VP, who performed a key function in securing the unique deal in 2016. The settlement on the time lined the transformation of Volvo’s IT infrastructure, together with over 3,500 purposes, greater than 20 knowledge centres, 11,000 servers, and 15,000 community units.
Along with this, HCLTech had additionally arrange an automotive centre of excellence in Gothenburg, offering experience in manufacturing IT, R&D, digital options, and IoT. “As a coverage, we don’t touch upon the specifics of consumer agreements,” HCLTech stated.
In 2016, HCLTech acquired Volvo Group’s exterior IT operations for $138 million, a deal that was anticipated to generate $1 billion in income over 5 years. The acquisition, coupled with an outsourcing contract, was estimated to contribute round $2 billion to HCLTech’s earnings over the identical interval.
Successful this renewal could be an important increase for the profitable bidder, as Tier-I Indian IT corporations have seen a dry spell of mega offers for not less than 1 / 4.
In different information, Infosys can also be establishing a worldwide functionality centre (GCC) in India for Lufthansa as a part of a renewed IT contract valued at almost $300 million.
The put up HCLTech, Infosys Compete for $1 Billion Volvo Deal appeared first on Analytics India Journal.
