Valmet reshapes its internal IT services and signs a business transfer agreement with CGI

Valmet Oyj's press release on August 30, 2017 at 10:15 a.m. EET

Valmet will start a reshaping of its internal Information Technology (IT) services to improve the operations' efficiency and business focus. The set of actions to be taken include a business transfer agreement signed with CGI. Under the agreement Valmet's internal IT Service Desk, end user support and most infrastructure services, including server management, workstation management and end user computing, will be moved from Valmet and their current partners to CGI.

The transfer agreement concerns 58 current Valmet IT employees globally, who will be offered to transfer to CGI or its partner with similar terms. The transfer is targeted to become effective on October 1 and the full transfer project is to be closed by the end of March 2018.

This reshaping of Valmet's IT services will allow more resources to focus on developing digital capabilities that support the future development of the company. Valmet IT's focus will be shifted from running current services to developing new competences and services. A global IT platform will be created to ensure a harmonized way of working, and additional focus will also be put on more effective IT services and supplier management.

"With these actions we will improve the performance and efficiency of our internal IT operations. Our IT resources will be able to increase focus on building the competences and ways to operate necessary for Valmet's future development. Transferring the IT infrastructure services, including service desk, after a thorough evaluation process to CGI is one of the key steps to enable this transformation," says Janne Puustinen, Vice President, Information Technology, Valmet.

VALMET
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 2016 were approximately EUR 2.9 billion. Our 12,000 professionals around the world work closely with 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.

CGI is one of the largest IT and business process services providers in the world. Founded in 1976, it has some 70,000 professionals and hundreds of locations worldwide. CGI had a revenue of CAD 10.7 billion in 2016.