Ahlstrom plans to transfer IT operations to Tech Mahindra

Ahlstrom Corporation PRESS RELEASE September 23, 2014 at 09.30

Ahlstrom plans to transfer IT operations to Tech Mahindra

Ahlstrom, a global high performance fiber-based materials company, plans to transfer its information technology operations to Tech Mahindra Ltd., a specialist in digital transformation, consulting and business re-engineering. With the planned long-term agreement Ahlstrom aims to increase efficiency, harmonize service levels and lower IT costs. 

The parties have today signed an agreement regarding the services to be operated by Tech Mahindra. As a consequence, approximately 50 Ahlstrom IT employees globally are planned to move to Tech Mahindra under a business transfer agreement. The planned transfer is expected to take place on December 1, 2014. After that, the transferring employees will initially continue to work from their current locations in their current roles and tasks. The business transfer is subject to country-specific conditions.

Kristiina Lammila, Vice President, Information Solutions, comments on the agreement:
"This partnership marks a new phase in the management of our IT services. The arrangement will allow us to build a renewed and more harmonized IT portfolio at a lower cost. In addition, it provides interesting career and professional development opportunities for the people being retained at Ahlstrom and for those being transferred to our partner."  

Ahlstrom will retain an IT organization of about 15 employees.

The planned reorganization is part of the ongoing rightsizing program aimed at saving a total of EUR 39 million annually in continuing operations by the end of 2015.

Tech Mahindra is a global company specializing in digital transformation, consulting and business re-engineering solutions. It's part of the India-based Mahindra Group with annual sales of about US$16.5 billion.

For more information, please contact:
Liisa Nyyssönen
Vice President, Communications
Tel. [phone]

Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with leading businesses around the world to help them stay ahead. We aim to grow with a product offering for clean and healthy environment. Our materials are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings and food packaging. In 2013, Ahlstrom's net sales from the continuing operations amounted to EUR 1 billion. Our 3,500 employees serve customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.

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Source: Ahlstrom Oyj via Globenewswire

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