Tieto and Lassila & Tikanoja (L&T) further strengthen their long-term partnership by signing an agreement for Tieto to provide L&T company-wide IT services. Under the outsourcing agreement, Tieto will deliver L&T IT services including application management, service integration and management as well as hybrid infra services. According to the agreement altogether 23 Lassila & Tikanoja employees, 20 in Finland and 3 in Sweden, will transfer to Tieto. Tieto has supported L&T with IT services already for several years, and this strategic IT partnership aims to accelerate L&T’s digitalization and data-driven business initiatives.
“We are pleased to extend our strategic partnership with Tieto due to the company’s breadth of expertise in IT services. This is the next step in executing our IT service transformation and helps us to increase agility and focus on our core competencies. With Tieto’s support we can broaden our capabilities in digitalization and further drive modernization of our IT solution landscape,” says Petri Ojala, CIO at Lassila & Tikanoja.
"We look forward to broadening our collaboration with L&T as their strategic partner. We will support their business initiatives with our in-depth expertise of latest technology and IT modernization. Lassila & Tikanoja's employees have strong expertise that complements ours and we are delighted to welcome them to join Tieto,” says Satu Kiiskinen, Managing Partner Finland at Tieto.
The transaction is expected to close by June 1, 2019. The financial terms of the transaction are not disclosed.
For more information, please contact:
Tieto Newsdesk, news(at)tieto.com, +358 40 570 4072
Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. www.tieto.com