Kvaerner looking to cut costs with Frontica deal

Norwegian engineering and construction services provider Kvaerner has awarded a five-year contract to the corporate service provider Frontica to deliver IT and business support services within HR Operations and Finance.

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

The contract value is estimated to be NOK 650 million ($77.5M) over five years and is effective from January 2017.

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 an 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.”

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply