YIT has entered into a strategic partnership with Tech Mahindra to drive business transformation
YIT Corporation Press Release 31 March 2023 at 8:45 a.m.
YIT has entered into a strategic partnership with Tech Mahindra to drive business transformation
YIT has entered into a strategic partnership with Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions. Going forward, Tech Mahindra will provide a significant part of YIT's IT services, harmonising and consolidating the current services to one dedicated supplier. The partnership will support YIT's objectives to strengthen digitalisation and data management and improve the company's competitiveness.
As a part of the partnership, approximately 20 current YIT employees will transfer to Tech Mahindra on 1 May 2023.
“Building a strong partnership with one of the leading IT providers allows for greater innovation and enables our organisation to stay competitive in the rapidly evolving digital landscape. The partnership with Tech Mahindra will help us to speed up the transformation, ensure up-to-date IT services and increase flexibility, at a lower cost”, said Esa Nykänen, CIO at YIT.
Tech Mahindra will work with YIT to modernize the enterprise IT architecture and system landscape to drive increased efficiencies across the value chain. Tech Mahindra will also run YIT’s end-to-end IT operations with a focus on delivering world-class customer experiences.
“We are looking forward to supporting YIT’s transformation journey as the company increases agility and strengthens customer focus. As we embark on this journey, Tech Mahindra is committed to delivering operational excellence and a superior customer experience to provide the speed and agility necessary for YIT. This partnership is yet another milestone and proof of our growing footprint in Finland and across the Nordic region”, said Mukul Dhyani, Business Head, Continental Europe at Tech Mahindra.
Tech Mahindra is a USD 6+ billion organization with 157,000+ professionals across 90 countries helping 1290 global customers, including Fortune 500 companies. The company has invested in fostering growth and innovation through their innovation lab in Helsinki. The lab will leverage Tech Mahindra’s R&D arm Makers Lab, co-operate with universities & technology start-up ecosystem channelling innovation to YIT Corporation and other customers.
For further information:
Esa Nykänen, CIO, YIT, tel. +358 50 522 8279, esa.nykanen@yit.fi
Maija Taimi, Senior Vice President, Communications, YIT, tel. +358 50 487 1561, maija.taimi@yit.fi
Abhilasha Gupta, Global Corporate Communications and Public Affairs, Tech Mahindra, Abhilasha.Gupta@TechMahindra.com; media.relations@techmahindra.com
YIT is the largest Finnish and a significant North European development and construction company. We develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, infrastructure for smooth mobility, and renewable energy solutions to benefit the climate. We employ around 5,000 professionals in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2022 was EUR 2.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki. Read more: www.yitgroup.com