Swedish firm selects HCLTech for AI-powered digital foundation services, renewing & expanding on original agreement

HCLTech, a leading global technology company, and one of the world's leading manufacturers of trucks, buses, construction equipment, marine and industrial engines and comprehensive transport solutions, headquartered in Gothenburg, Sweden, today announced that they have renewed their long-standing digital transformation agreement with an expanded scope of services.

Under a new multi-year contract, HCLTech will enhance and modernize the Gothenburg-based manufacturer's IT infrastructure and transform its digital foundation services. By leveraging its proprietary GenAI-led service transformation platform, AI Force, HCLTech will deliver platform-based managed services, hyper automation and full-stack observability. The AI-powered solutions will enable one-click provisioning of IT services and will help optimize operational efficiency and enhance the employee and customer experience. HCLTech's solutions will accelerate the client's sustainability goals by advancing responsible and efficient IT practices.

"We are delighted to be a trusted digital transformation partner and contribute to the client's growth strategy. We look forward to leveraging our full-stack technology portfolio to build a future-ready digital foundation," said Jagadeshwar Gattu, President, Digital Foundation Services, HCLTech.

"We are proud to continue being a part of the client's growth journey. This renewal and expanded scope reflect the strong foundation we've built together over the years. The expansion of this strategic agreement further reinforces HCLTech's leadership in the global automotive vertical, which is amongst the company's key growth areas," added Pankaj Tagra, Corporate Vice President, HCLTech.

Shares of HCL Technologies Limited was last trading in BSE at Rs. 1429.80 as compared to the previous close of Rs. 1440.40. The total number of shares traded during the day was 113595 in over 14942 trades.

The stock hit an intraday high of Rs. 1444.65 and intraday low of 1420.05. The net turnover during the day was Rs. 162407699.00.

Source : Equity Bulls

Keywords

HCLTechnologies INE860A01027 SwedishCompany TransportationSolutions Sweden