IBM enters outsourcing contracts with Danske Bank and A.P.Møller–Mærsk  

2004.12.03
In continuation of acquiring DMdata and Mærsk Data in August this year, IBM has gained outsourcing contracts with the former owners worth DKK 6bn

In continuation of acquiring DMdata and Mærsk Data in August this year, IBM has gained outsourcing contracts with the former owners Danske Bank and A.P.Møller – Mærsk worth DKK 6 bn (USD 1.1 bn) over 10 years. Anders Lund Rendtorff, communication manager of IBM Denmark says that the new contracts are additional to the already existing contracts with the two companies.

 

IBM's acquisition of DMdata and Mærsk Data was approved last week by EU's competition authorities. IBM paid between DKK 3.5 bn (USD 630 mn) and DKK 5 bn (USD 900 mn) for the total acquisition, which ensured IBM revenues on IT services in Denmark worth around DKK 6bn (USD 1.1 bn), and a market share of about 30%.

 

Concerning the new contracts, director Peter Straarup of Danske Bank says the agreement gives direct access to exploit IBM's competencies and products. The agreement will enable the bank to respond quickly to new business opportunities and challenges in the industry. Jess Søderberg, ship-owner in A.P.Møller – Mærsk says the group has a good and well-established collaboration with IBM and knows what the company is able to supply. The news is reported by Computerworld.

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