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Armonk (pte026/01.12.2004/11:40) - The world's largest IT company IBM http://www.ibm.com has signed outsourcing contracts with two Danish companies - Danske Bank Group http://www.danskebank.com and shipping giant A.P Moller-Maersk Group http://www.maersk.com . Put together, the contracts have a value of over a billion dollars and will be valid for a period of 10 years, reports the Wall Street Journal (WSJ) today.
Under the contracts, IBM will take over the data centres and information-technology processes of the two companies. According to the WSJ, IBM declined to disclose how much of the 1 billion dollars would come from each company. Only recently, IBM had announced acquisitions of two computer-service firms, Maersk Data and DM Data, which belong to the two big Danish companies. In the previous year, Maersk Data had a global turnover of 3.4 billion kroner (457.7 million euros). DM Data's world-wide revenue from 2003 was 1.8 billion kroner (242.3 million euros).
The takeover of Maersk Data puts IBM into a new business and the company is set to run logistic processes for the shipping industry in the future. The IT giant also already provides similar services in the airline industry. According to its general manager Dominique Cerutti, transportation processes represent a "multibillion-dollar opportunity." Big Blue hopes that shipping lines that have been reluctant in the past to hire Maersk Data, because it was owned by a competitor, will now hire IBM.
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