Latest news with #E.ON's
Yahoo
11-07-2025
- Business
- Yahoo
Peab's subsidiary secures $120.7m framework contract for E.ON's Swedish grid upgrade
ATS Kraftservice, a subsidiary of Peab, has been awarded a five-year framework contract valued at Skr1.15bn ($120.7m) for an energy grid project in Sweden. Energidistribution, a European energy company, has embarked on a substantial investment to modernise and fortify the domestic grid. This is in response to growing demands for capacity, reliability, and sustainability in the energy sector. The framework contract with ATS Kraftservice ensures guaranteed volumes in eight out of 12 geographical network areas. With a minimum annual volume of Skr230m over the next five years, the contract comes with an option to extend for an additional year. The services included in the contract encompass the construction and renovation of local networks, as well as maintenance and projects related to underground cables and overhead lines, spanning from Skåne to Norrland. This framework agreement took effect on 1 July 2025 and will continue until 31 January 2026, covering the entirety of electricity network in Sweden. The contract is set to be registered in Peab's books in the third quarter (Q3) of 2025. ATS Kraftservice CEO Håkan Ström said: "We're very proud of the confidence placed in us by This is a strategically important assignment that strengthens our position as a leading player in local grid contracts in Sweden and provides us with a long-term platform for investing in expertise, equipment and sustainable solutions." Earlier this month, Peab, through its subsidiary Peab Asfalt, was chosen by Danish construction company Zøllner to transform the Hillerød-Allerød expressway into a four-lane highway, which includes paving work on four bridges and the creation of new on- and off-ramps. "Peab's subsidiary secures $120.7m framework contract for Swedish grid upgrade" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
26-06-2025
- Business
- Time of India
HCLTech extends partnership with Salesforce for agentic AI adoption
Indian IT bellwether HCLTech has expanded its partnership with cloud computing major Salesforce for enterprise adoption of agentic artificial intelligence (AI) partnership will accelerate enterprises' adoption of autonomous AI agents by Salesforce Agentforce across various industries, including financial services, healthcare, retail and manufacturing, HCLTech said in an exchange filing on Tuesday, HCLTech entered a strategic alliance with AMD to accelerate enterprise digital transformation worldwide through advanced solutions in AI, digital and development centres established under the collaboration will be used to test advanced technologies and conduct proof-of-concept tests to speed up the time-to-market for innovative enterprise this month, HCLTech entered into a long-term partnership with European energy major to support its product-based transformation, using advanced cloud and artificial intelligence (AI) part of the deal, HCLTech will build a new private cloud and manage global cloud and network infrastructure across major partnership aims to help scale automation and boost cloud and network maturity by using advanced tools such as HCLTech's AI Force HCLTech secured an engineering services deal with Swedish truck manufacturer Volvo Group. The IT company will support Volvo Cars ' future engineering goals from its Automotive Centre of Excellence in Gothenburg, along with its global offshore and nearshore delivery shares closed 0.41% higher at Rs 1,723.70 apiece, compared to a 1.21% rise in the benchmark Sensex.
Economic Times
19-06-2025
- Automotive
- Economic Times
HCLTech partners with E.ON for cloud, AI-led transformation
IT services company HCLTech has entered into a long-term partnership with European energy major to support its product-based transformation, using advanced cloud and artificial intelligence (AI) part of the deal, HCLTech will build a new private cloud and manage global cloud and network infrastructure across major hyperscalers. The partnership aims to help scale automation and boost cloud and network maturity by using advanced tools such as HCLTech's AI Force platform."Our robust digital foundation with a highly mature cloud and network landscape is a pillar of our transformation,' said Gert Buitenhuis, head of global technology platforms at 'HCLTech is a strong partner to support in this next phase, delivering transformation at scale, as well as driving value through automation and AI." Pankaj Tagra, corporate vice president at HCLTech Europe, added: 'Our collaboration with underscores our continued growth and commitment to the Europe region. We are thrilled to partner with in its cloud transformation journey, leveraging our expertise in cloud and DevOps transformation to drive innovation, agility, and efficiency.' Recently, HCLTech secured an engineering services deal with Swedish truck manufacturer Volvo Group. The IT company will support Volvo Cars' future engineering goals from its Automotive Centre of Excellence in Gothenburg, along with its global offshore and nearshore delivery centres. Shares of HCLTech closed at Rs 1,723.05, up 1.66% on Monday.
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Business Standard
16-06-2025
- Business
- Business Standard
HCLTech partners with E.ON to create private cloud infrastructure
HCLTech has entered into a strategic partnership with a European energy company, to support the transformation of cloud infrastructure under the terms of the contract. As part of the multi-year agreement, HCLTech will create a private cloud platform for and manage its cloud and network infrastructure across global hyperscalers, which operate large-scale cloud data centres. Headquartered in Germany, has a distribution network of 1.6 million kilometres and approximately 47 million customers. It is one of Europe's largest energy companies, focusing on power and gas distribution and sustainable energy solutions across key European markets. Gert Buitenhuis, Head of Global Technology Platforms at said: 'Our robust digital foundation with a highly mature cloud and network landscape is a pillar of our transformation. HCLTech is a strong partner to support in this next phase, delivering transformation at scale, as well as driving value through automation and AI.' HCLTech will use its AI Force platform to support in advancing automation and strengthening its cloud and network capabilities as part of its DevOps-driven, product-based transformation. The partnership is intended to support in implementing predictive operations, enhancing operational processes, and responding to market changes. HCLTech AI Force platform HCLTech's AI Force is a patented GenAI platform that supports the software and IT operations lifecycle using commercial and open-source language models. It includes security scanners, search and summarisation tools, speech recognition for requirements, and agentic workflows for development tasks. Pankaj Tagra, Corporate Vice President at HCLTech Europe, said: 'We are thrilled to partner with in its cloud transformation journey, leveraging our expertise in cloud and DevOps transformation. This partnership reaffirms HCLTech's position as a digital transformation leader, delivering cloud solutions to global enterprises.' HCLTech reported consolidated revenues of $13.8 billion for the 12-month period ending March 2025. The company delivers industry-specific solutions across sectors including financial services, manufacturing, life sciences and healthcare, high tech, semiconductor, telecom and media, retail and CPG, and public services. Tech partnerships Earlier this year, HCLTech partnered with US-based software company UiPath to support global customers in advancing AI-led agentic automation with reduced human intervention. The company was also selected by Volvo Cars as a strategic supplier for engineering services, expanding its existing collaboration in digital and product lifecycle management to deliver end-to-end engineering solutions. In the semiconductor sector, HCLTech was named a Design Solution Partner under the Samsung Advanced Foundry Ecosystem (SAFE) programme to drive innovation through its engineering and R&D capabilities. Additionally, HCLTech entered into a partnership with Western Union to support innovation and digital transformation in the financial services industry.
Time of India
16-06-2025
- Business
- Time of India
HCLTech partners with E.ON for cloud, AI-led transformation
IT services company HCLTech has entered into a long-term partnership with European energy major to support its product-based transformation, using advanced cloud and artificial intelligence (AI) technologies. As part of the deal, HCLTech will build a new private cloud and manage global cloud and network infrastructure across major hyperscalers. The partnership aims to help scale automation and boost cloud and network maturity by using advanced tools such as HCLTech's AI Force platform. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo "Our robust digital foundation with a highly mature cloud and network landscape is a pillar of our transformation,' said Gert Buitenhuis, head of global technology platforms at 'HCLTech is a strong partner to support in this next phase, delivering transformation at scale, as well as driving value through automation and AI." Pankaj Tagra, corporate vice president at HCLTech Europe, added: 'Our collaboration with underscores our continued growth and commitment to the Europe region. We are thrilled to partner with in its cloud transformation journey, leveraging our expertise in cloud and DevOps transformation to drive innovation, agility, and efficiency.' Live Events Recently, HCLTech secured an engineering services deal with Swedish truck manufacturer Volvo Group . The IT company will support Volvo Cars ' future engineering goals from its Automotive Centre of Excellence in Gothenburg, along with its global offshore and nearshore delivery centres. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Shares of HCLTech closed at Rs 1,723.05, up 1.66% on Monday.
