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HCL bolsters Nordic region presence with Fiskars contract

HCL bolsters Nordic region presence with Fiskars contract
Photo Credit: VCCircle
5 Jul, 2021

Homegrown IT (information technology) major HCL Technologies is set to work on digital transformation initiatives for Finnish consumer products giant Fiskars Group.

According to a statement, the conglomerates have inked a multi-year agreement under which HCL will standardize and harmonize IT and business processes for Fiskars, drive its operating model transformation, and increase the conglomerate’s overall digital maturity.

“HCL will leverage our experience and expertise in the consumer goods industry to enable a truly seamless experience for Fiskars,” Pankaj Tagra, corporate vice president and Nordic and DACH Head at HCL Technologies.

The partnership will enable Fiskars to offer its customers an immersive omnichannel experience, the statement added.

For HCL, the agreement strengthens its presence in the Nordic region. The company set up its first local office in Stockholm in 2008. It currently employs more than 1,600 people in the Nordics and claims to have 55 large-scale transformational clients.

Founded in 1649, Fiskars Group is best known for scissors, gardening tools, kitchenware, glassware, ceramics, knives, outdoor equipment offered under brands such as Gerber, Iittala, Royal Copenhagen, Waterford and Wedgwood.

“We are excited about the partnership with HCL and believe that with our combined strengths, we can make the everyday extraordinary for our employees and our consumers,” Peter Holmberg, CDO at Fiskars Group, said while commenting on the engagement.

“In HCL, we have a partner who understands our vision and the direction we are taking and brings to the table experience-centric solutions for our employees and customers along with strong capabilities in driving digital transformation will ensure that we are well placed to achieve our ambitious sustainability mission and constantly improve the digital user journey,” he added.

Prior to this, HCL had signed digital transformation deals with Japanese vehicle manufacturer UD Trucks in April and digital energy solutions firm Hitachi ABB Power Grids in May.

In the entire financial year 2020-2021, HCL Tech’s revenue stood at $10.17 billion, up 2.4% year-on-year in the US and constant currency terms. Meanwhile, net profit witnessed a YoY increase of 13.2% to $1.76 billion.