Siemens Convergence Creators sells telecom R&D to Tieto
Within the scope of Siemens Convergence Creators’ efforts to streamline the business to its core portfolio, Siemens and Tieto have signed an agreement on the planned acquisition part of Siemens Convergence Creators’ Network Directory Server (NDS) IP Multimedia Systems (IMS) Home Location Register (HLR) and Radio Access (RA) businesses to Tieto Product Development Services.
As part of the planned outsourcing, approximately 220 employees who are working in 4 countries and 5 locations will transfer to Tieto as existing employees: The locations are Vienna in Austria, Zagreb in Croatia, Brno in Czech Republic, Bratislava and Zilina in Slovakia.
Siemens Convergence Creators offers customers turnkey solutions and services in the areas of communications networks, service and customer management, public security, multimedia infotainment and aerospace technology. In fiscal 2011, the Siemens unit CMT generated total revenue of around €150 million and employed about 2,000 people in nine countries worldwide: China, Germany, India, Croatia, Austria, Romania, Slovakia, the Czech Republic and Hungary.
“The planned transaction will be a further step in Siemens Convergence Creators’ business focusing process on innovative solutions in the fields of communication networks, service and customer management, public security, multi-media infotainment, and aerospace technology. It will support our strategy to concentrate on our core portfolio, which is of particular importance regarding our expansion activities on our regional footprint and the constantly increasing demand for our core portfolio.” stated Daniel Felicio, CEO of Siemens Convergence Creators at contract signing ceremony.
“The Siemens employees that are transferring to Tieto are experts that complement our portfolio in voice and IP transformation areas allowing us to build new offerings for our customers. We are happy to engage ourselves in a closer cooperation in these areas,” says Antti Vasara, Executive Vice President, Tieto Product Development Services.
The final transition to Tieto is expected by 1st April, 2014.
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