£520m deals in Denmark build IBM's European presence


£520m deals in Denmark build IBM's European presence

IBM has completed outsourcing deals with two Danish companies valued at more than $1bn (£520m) over 10 years, reinforcing its strength in Europe.

Shipping container giant AP Moller-Maersk signed a five-year contract for application development, IT infrastructure and management services, while Danske Bank entered a 10-year contract for the management of its worldwide IT infrastructure.

Together the deals are worth over $1bn, although IBM declined to say how much each company agreed to pay.

IBM has also completed the acquisition of two IT services firms related to the Danish companies, Maersk Data and DMData.

Maersk Data was the computer services arm of Moller-Maersk and has a strong presence in Nordic countries, as well as operations in the US and Asia.

IBM said that it will use Maersk's capabilities to help manage AP Moller-Maersk's extensive shipping operations.

DMData was established in the merger seven years ago of IT operations of AP Moller-Maersk and Danske Bank, and brings with it clients in the transport, financial services retail and public sectors.

Scarlet Pruitt writes for IDG News Services

Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy