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September 21, 2010

Volvo IT signs agreement with Norwegian insurance company

Marks the first deal outside Volvo Group companies in Norway

By CBR Staff Writer

Volvo IT, a business unit within the Volvo Group, has signed an agreement with the Norwegian insurance company Storebrand covering several years.

The agreement, which has been signed with the parent company, involves the operation of systems that manage the insurance company’s funds for the Swedish markets in its subsidiary SPP.

This agreement is Volvo IT’s first deal outside Volvo Group companies in Norway.

Volvo IT secured the deal in competition with other Nordic IT companies.

Responsibility for these operations will be handed over on 31 January 2011.

In 2009, Volvo IT won the contract when the City of Stockholm decided to outsource its IT operations.

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The assignment is worth around SEK 545m a year for five years, with an option for a further four years.

The agreement comprises 42,000 workplaces, user support and consolidated server operation.

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