Five year contract with Kvaerner

  • November 11, 2016
  • 11:02

Frontica has signed a five year contract with Kvaerner to deliver IT services and business support services within HR Operations and Finance.

(In picture: Niels Didrich Buch, CEO of Frontica and Jan Arve Haugan, President & CEO of Kvaerner)

Under the terms of the contract, Frontica will also contribute to productivity improvements and cost reductions in these areas for Kvaerner. 

Niels Didrich Buch, CEO of Frontica, says: “This outsourcing contract positions Frontica further as a strong contender in the corporate services industry. The agreement will strengthen the partnership between Kvaerner and Frontica and enable Kvaerner to focus on its core business.” 

Knut Johan Malvik, EVP of Kvaerner, comments: “We are pleased to continue our long term relationship with Frontica through this contract. Frontica is a important supplier to Kvaerner and the new agreement provides a good framework for driving cost optimization and business improvements in key areas across our global organization.” 

The contract value is estimated to be NOK 650 million over five years and is effective from January 2017.

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