Siemens Convergence Creators sells telecom R&D to Tieto
"The planned transaction will be a further step in Siemens Convergence Creators' business focusing process on innovative solutions in the fields of communication networks, service and customer management, public security, multi-media infotainment, and aerospace technology. It will support our strategy to concentrate on our core portfolio, which is of particular importance regarding our expansion activities on our regional footprint and the constantly increasing demand for our core portfolio." stated Daniel Felicio, CEO of Siemens Convergence Creators at contract signing ceremony.
"The Siemens employees that are transferring to Tieto are experts that complement our portfolio in voice and IP transformation areas allowing us to build new offerings for our customers. We are happy to engage ourselves in a closer cooperation in these areas," says Antti Vasara, Executive Vice President, Tieto Product Development Services.
The final transition to Tieto is expected by 1st April, 2014.
Tieto is the largest Nordic IT services company providing full life-cycle services for both the private and public sectors and product development services in the field of communications and embedded technologies. The company has global presence through its product development business and global delivery centers. Tieto is committed to developing enterprises and society through IT by realizing new opportunities in customers' business transformation. At Tieto, we believe in professional development and results.
Founded 1968, headquartered in Helsinki, Finland and with approximately 15 000 experts, the company operates in over 20 countries with net sales of approximately EUR 1.8 billion. Tieto's shares are listed on NASDAQ OMX in Helsinki and Stockholm. Please visit www.tieto.com for more information.
Siemens Convergence Creators GmbH
Siemens Convergence Creators GmbH, headquartered in Vienna, provides its customers with turnkey solutions and services in the fields of communication networks, service and customer management, public safety and security, multimedia infotainment, as well as aerospace technology. In fiscal 2013, Siemens Convergence Creators had about 1600 employees at 19 locations in nine countries: Austria, China, Croatia, Czech Republic, Germany, Hungary, India, Romania and Slovakia.
The company supplies more than 70 countries with communication and media products and solutions. Among the most important customers are the top players in their respective industrial sectors, i.e. telecommunications, media (TV, publishing houses), transport (cruise ships, railways, aircraft manufacturers, airlines and airports), space, public safety (action forces) and energy (wind power, oil and gas).
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