UPM and Siemens sign Letter of Intent on partial outsourcing of IT services

The scope of the Letter of Intent covers most of UPM’s shared data centre services and user support services. These functions currently employ around 35 employees in Finland, Germany and the USA. According to the plan, employees whose tasks are to be outsourced will transfer from UPM to Siemens.

By outsourcing selected IT services, UPM aims to improve cost efficiency and broaden the scope of the services. UPM’s internal IT function will henceforth focus on providing services related to the company’s core businesses and processes.

For further information, please contact:
Mr Conrad Frede, UPM, CIO, tel. +358 2041 50522
Mr Jussi Grönholm, Siemens Osakeyhtiö, Business Group Director, Siemens Business Services, tel. + 358 50 64 542


UPM
UPM is one of the world’s leading producers of printing papers and the clear market leader in magazine papers. The Group's sales in 2005 were EUR 9.3 billion, and it has over 31,000 employees. UPM's main products include printing papers, converting materials and wood products. The company has production plants in 15 countries and its main market areas are Europe and North America. UPM's shares are listed on the Helsinki and New York stock exchanges. Further information is available on the company's web site at www.upm-kymmene.com

Siemens
Siemens is a technology and service company operating in the information technology, communications, energy, industry, building technology, transportation, healthcare technology, computer and household appliance, lighting and finance sectors. Siemens has net sales of EUR 75.4 billion and employs around 460 000 people. Siemens has a presence in 190 countries around the world.

Siemens Business Services, SBS, is an internationally leading IT service provider. This Siemens Group offers services all along the IT service chain from a single source – from consulting to systems integration, right through to the management of IT infrastructures. Thanks to comprehensive know-how and sector-specific expertise, the company provides measurable added value for its customers. With regard to outsourcing and IT maintenance, Siemens Business Services is among the top ten providers worldwide. SBS’s sales are around EUR 5.4 billion and it has approx. 39,000 employees worldwide. Further information at www.siemens.com/sbs.