Tata Consultancy Services (TCS) and Nokia Siemens Networks have reached a multi-million-euro agreement for the transfer of product engineering and research and development services as well as parts of the Operations and Business Software unit activities from Nokia’s Dusseldorf center in Germany to TCS in India. 90 employees will also be transferred to TCS as part of the agreement. I am not sure of the value of the deal.
From the press release:
TCS will provide global R&D services to Nokia Siemens Networks by leveraging its expertise in the telecommunications sector.
The transfer to TCS is part of Nokia Siemens Networks’ overall strategy to realize synergy savings.
For many years, Tata Consultancy Services has been a valuable partner to Nokia and Siemens, our parent companies. TCS brings to the table an in-depth experience in outsourcing projects and a proven track record of successfully transferring and integrating customers’ R&D personnel
This deal provides the employees in Dusseldorf with an excellent opportunity to work with international teams in a global company
The integration of Nokia Siemens Networks employees would establish TCS’ local presence and strengthen its position as a global player. This is especially important in Germany where brand recognition is key.