May 22, 2007 11:27 ET

A.P. Moeller-Maersk and IBM in 5-Year Agreement

COPENHAGEN, DENMARK -- (MARKET WIRE) -- May 22, 2007 -- A.P. Moller-Maersk, one of the world's leading shipping companies, and IBM (NYSE: IBM) today announced a five-year agreement for IBM to manage A.P. Moller-Maersk's IT infrastructure and services. The partnership creates a flexible and resilient IT platform that will achieve significant cost savings for A.P. Moller-Maersk throughout the life of the contract by leveraging IBM's global economies of scale.

The deal builds on existing contracts between A.P. Moller-Maersk and IBM, covering operations and support. As a part of the new agreement, IBM will be responsible for providing integrated end-to-end facility management services, including managing a considerable part of A.P. Moller-Maersk's business solutions and IT operations.

"This agreement will strengthen our business with a scalable and flexible infrastructure. It will also enable us to reduce costs significantly -- building on IBM's global delivery capability," says Eivind Kolding, partner and head of the container business of the A.P. Moller-Maersk Group.

"We are committed to helping A.P. Moller-Maersk focus on their core business. This agreement will enable A.P. Moller-Maersk to enhance cost leadership and further improve their IT environment by taking advantage of our industry and technology knowledge and leading edge capabilities," says Jens Munch-Hansen, regional general manager, IBM Nordic.

The agreement was signed in March 2007.

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