Valmet continues the reshaping of its internal IT services and signs a business transfer agreement with Capgemini

Valmet Oyj's press release on January 17, 2019 at 11:20 a.m. EET

Valmet takes key steps to continue the reshaping of its internal Information Technology (IT) services aimed at shifting focus towards planning, building and deploying new IT-enabled, value-adding capabilities and supporting businesses. The set of actions to be taken include a business transfer agreement signed with Capgemini.

Under the agreement Valmet IT's application development and maintenance services, including application maintenance and support services, application development services and platform management services, will be moved from Valmet and its current partners to Capgemini.

The transfer agreement concerns a total of 38 current Valmet IT employees in Finland, Sweden and Portugal. Today, Valmet IT employs about 150 IT professionals. Employees in scope will be offered to transfer to Capgemini with similar terms. The transfer is targeted to become effective on March 1 and the full transfer project is to be closed by the end of July 2019.

The transfer together with connected organizational changes and other initiatives will enable Valmet IT to clearly shift its focus from running existing IT services towards creating and deploying new IT-enabled services and products. These can, for example, be related to Industrial Internet, product lifecycle management (PLM) and field service capabilities. In addition, the transfer of IT application development and maintenance services will further enhance Valmet's IT services and supplier management.

"With these actions we will continue to shift our focus towards more strategic, value-adding activities, and thus support Valmet's businesses and contribute to Valmet's future success. Transferring the IT application development and maintenance services, after a careful evaluation process, to Capgemini is one of the key steps in executing our IT transformation," says Janne Puustinen, Vice President, Information Technology, Valmet.

About Capgemini

A global leader in consulting, technology services and digital transformation, Capgemini is at the forefront of innovation to address the entire breadth of clients' opportunities in the evolving world of cloud, digital and platforms. It is a multicultural company of 200,000 team members in over 40 countries. The Group reported 2017 global revenues of EUR 12.8 billion.

Corporate Communications

For further information, please contact:
Janne Puustinen, Vice President, Information Technology, Valmet, Tel: +358 40 566 2657

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.

Valmet's net sales in 2017 were approximately EUR 3.1 billion. Our more than 12,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

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