(UPM, Helsinki, 3 September 2014, at 10.00 EET) – UPM has signed an outsourcing agreement with Tieto for its selected application management services. The agreement has been made for three years including two optional years.
Approximately 47 UPM employees from UPM’s IT Service Centres in Changshu, China, in Tampere, Finland and in Krakow, Poland within the scope of the planned outsourcing are expected to move to Tieto upon completion of the transaction. This is expected to take place at the end of December 2014, subject to signing of local transfer agreements and customary closing conditions.
“Tieto is already today a significant IT application and integration service provider for UPM”, says Turkka Keskinen, the CIO of UPM. “By optimising our application support and maintenance to fewer cooperation partners, we can better respond to the changes in the business environment and offer to our businesses more scalable and predictable IT services with lower cost. Expanding our co-operation with Tieto will also strengthen our IT competences and simplify the roles and responsibilities,” Keskinen continues.
“We are pleased that UPM has decided to strengthen our co-operation. We have already today a deep industry expertise and understanding on UPM’s changing business needs and environment. In addition, we can offer UPM global delivery and industrialised service processes,” says Ari Järvelä , EVP for Manufacturing, Forest, Retail and Logistics Industry Group at Tieto.
For further information, please contact
Turkka Keskinen, CIO, UPM, tel. +358 40 540 9693, between 13.00 – 14.00 and after 15.00 EET
Ari Järvelä, EVP for Manufacturing, Forest, Retail and Logistics Industry Group at Tieto, tel. +358 40 840 0915
Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 21,000 people and its annual sales are approximately € 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM – The Biofore Company – www.upm.com
Tieto is the largest Nordic IT services company providing full life-cycle services for both the private and public sectors and product development services in the field of communications and embedded technologies. The company has global presence through its product development business and global delivery centres. Tieto is committed to developing enterprises and society through IT by realizing new opportunities in customers' business transformation. At Tieto, we believe in professional development and results.
Founded 1968, headquartered in Helsinki, Finland and with approximately 14 000 experts, the company operates in over 20 countries with net sales of approximately EUR 1.6 billion. Tieto's shares are listed on NASDAQ OMX in Helsinki and Stockholm. Please visit www.tieto.com for more information.