HCL Technologies (HCL) has signed a five-year agreement with German multinational chemical company Wacker Chemie AG to establish a modernized digital workplace and improve its quality-of-service delivery. “Wacker’s engagement with HCL will lead to significant cost efficiencies through modernization, standardization and automation,” HCL said in a regulatory filing to the stock exchanges.
“We wanted a partner to not only enhance our digital transformation journey, but also support the ‘Wacker Digital Program,’ helping us to become a digital leader in the chemical industry,” HCL Technologies added.
“Wacker was looking to transform its current sourcing model with a long-term ‘Next Generation Managed Service’ sourcing model,” Dirk Ramhorst, CIO and CDO, Wacker Chemie AG said.
The shares of HCL Technologies ended the day at ₹ 1,133.70, lower by 0.6 per cent, on the BSE as against a 0.29 per cent decline in the benchmark indices.
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