MG Technologies picks IBM for its IT know-howby
MG Technologies ag, an international technology company which includes mg engineering and mg chemical group, has selected IBM to manage its information technology. The agreement is for 15 years and is valued at $1 billion.
IBM Global Services will manage and operate the IT infrastructure and provide operational services to all IT areas of MG Technologies, which is based in Germany and has nearly 40,000 employees.
“IBM’s international know-how in IT services convinced us that this partnership could result in significant short-term savings,” said Karlheinz Hornung, board member of MG Technologies . “We now have the advantage of being able to concentrate on developing our core competencies – while having access to modern and innovative IT technology.”
MG Technologies’ engineering corporations plan and build industrial equipment, components, systems, and process lines for various industries, with a focus on nutrition, health, and environment. The chemical division develops and produces chemical specialties and innovative materials. The company is also involved in distribution of chemicals and operates an internet platform for the chemical and pharmaceutical industries.
IBM Global Services is the world’s largest information technology services provider, with 1999 revenue of more than $32 billion and more than 138,000 professionals in 160 countries. It integrates IBM’s services, hardware, software and research, to help companies realize the full value of information technology.