Tech Mahindra Becomes Digital Transformation Partner to Ahlstrom-Munksjo

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To manage end-to-end IT requirements for the Finnish company as part of the multi-year engagement

Helsinki/Bangalore – October 3, 2017 – Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business reengineering services and solutions, has been selected by Ahlstrom-Munksjö to manage the company’s end-to-end IT operations.

The multi-year, multi-million Euro deal is a new agreement building on an existing contract that was awarded to Tech Mahindra by Ahlstrom three years ago. Earlier this year, Ahlstrom and Munksjö announced their merger creating a global leader in sustainable and innovative fiber-based solutions.

As per the new contract, Tech Mahindra will assist Ahlstrom-Munksjö in its digital transformation journey, with end-to-end IT services and solutions including IT user support, infrastructure management and application support using next generation digital and automation tools and technologies. Besides, approximately 25 employees of Ahlstrom-Munksjö are expected to be transferred to Tech Mahindra as per the agreement.

“IT is an important factor in Ahlstrom-Munksjö’s journey to continue to establish its position as a leading supplier of fiber-based materials. With a global technology partner like Tech Mahindra assisting us in the process, we aim to build strong tech-enabled systems and processes to make this journey smoother and make ourselves future-ready,” said Kristiina Lammila, CIO at Ahlstrom-Munksjö.

The new enhanced task assigned to us to provide a digitally-enabled future IT for the combined entity of Ahlstrom-Munksjo is a huge recognition of the technological depth and the IT plus business process improvements which Tech Mahindra has been able to deliver to the erstwhile Ahlstrom for the past three years in our journey together, said Rajesh Chandiramani, Head of Continental Europe at Tech Mahindra. We are extremely excited and honored to be chosen as a trusted digital transformation partner and keen to provide the best of the breed technology solutions, innovative services, automation tools and digital solutions as Ahlstrom-Munksjö gears up for their new phase of journey. Our deep rooted manufacturing strengths and our investments in to the digital technologies backed by focus on D.A.V.I.D (Digitalization, Automation, Verticalization, Innovation and Disruption) would be an immense value to this longer term engagement,” he added.

Tech Mahindra has significant presence in Europe, which accounts for around 30% of the company’s overall business. Within Europe, Finland is one of the strategic markets, which has been bolstered by successful engagements with leading corporations and organizations in the region.

About Ahlstrom-Munksjö:

Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to customers worldwide. Offerings include decor paper, filter media, release liners, abrasive backings, nonwovens, electrotechnical paper, glass fiber materials, food packaging and labeling, tape, medical fiber materials and solutions for diagnostics. Annual net sales are about EUR 2.15 billion and number of employees are about6,000. The Ahlstrom-Munksjö share is listed on the Nasdaq Helsinki and Stockholm exchanges. Read more at www.ahlstrom-munksjo.com

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For Further Queries:

Bibhu Ranjan Mishra / Shalini Singh

Global Media Relations & PR

Tech Mahindra

Email: media.relations@techmahindra.com

 

Disclaimer

Certain statements in this release concerning the future prospects of Tech Mahindra Limited (“the Company” or “TechM”) are forward-looking statements. These statements by their nature involve risks and uncertainties that could cause Company’s actual results differ materially from such forward looking statements. The Company, from time to time, makes written and oral forward-looking statements based on information available with the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

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Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.5 billion company with 115,850+ professionals across 90 countries, helping over 864 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is amongst the Fab 50 companies in Asia (Forbes 2016 list).

We are part of the USD 19 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.

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