April 15, 2013 - Assignment

Sandvik enters into global five-year outsourcing agreement with Capgemini

Sandvik has entered into a five year outsourcing agreement with Capgemini for parts of Sandvik’s transactional finance and accounting processes. The agreement is in line with Sandvik’s strategy to simplify processes and leverage group synergies and global opportunities. The agreement covers 29 countries and will be implemented in stages from 2013-2015 across all business areas.

Sandvik is a high-technology, engineering group with business conducted worldwide through representation in more than 130 countries. The group had approximately 49,000 employees with annual sales of more than SEK 99 billion in 2012. Sandvik is a listed company on the Stockholm Stock Exchange, NASDAQ OMX.

Sandvik was advised by Mannheimer Swartling in the matter. The firm’s team was led by Martin Pekkari, assisted by Cecilia Malmberg Flodén and Moa Molin (Corporate Commercial and ITT).