M-REAL ENTERS PARTNERSHIP NEGOTIATIONS W
M-real Corporation Stock Exchange Bulletin 14.4.2003 at 14.00
M-REAL ENTERS PARTNERSHIP NEGOTIATIONS WITH IBM
M-real Corporation and IBM Global Services have today signed a letter
of intent about a strategic partnership covering the development of
business applications and the provision of basic information
technology infrastructure services worldwide by IBM. IBM will also
contribute its forest and paper industry expertise to the
partnership.
The intended partnership agreement includes the transfer of M-real IT
services operations and the operations of Logisware Oy, both present
in several European countries, to IBM global organisation. According
to the agreement, almost 300 persons, currently employed both in M-
real IT units and in Logisware, will be transferred to IBM
organisation.
The partnership is to support M-reals business strategy
implementation and will also lead to significantly increased IT cost
efficiency for M-real.
M-REAL CORPORATION
Corporate communications
For more information, please contact:
Veli-Matti Mynttinen, Executive Vice President & CFO, M-real
Corporation, tel. +358 10469 4655, Mobile +358 50 2895
Olavi Maanavilja, Vice President, Information Technology, M-real
Corporation, tel. +358 10469 5057, Mobile +358 50 553 4992
Notes to editors:
M-real Corporation is a European paper and paperboard company with
approximately 20, 300 employees.
M-real provides fibre-based solutions for consumer packaging,
communications and advertising end-uses. Through its worldwide sales
network, M-real serves its customers consisting mostly of publishers,
printers, paper merchants, offices and well-known consumer product
companies.
M-reals turnover in 2002 amounted to EUR 6,6 billion. The company is
headquartered in Finland, and it is listed in the Helsinki Stock
Exchange.
www.m-real.com
Logisware Oy is an IT services company serving Metsäliitto and M-
real, and it is owned by Metsäliitto Cooperative (50%) and M-real Oyj
(50%).
