The agreement is effective from 1 September and will include the transfer of M-reals IT services operation, Logisware, to IBM.
Around 300 personnel employed by M-real and Logisware will transfer to IBM. The deal should lead to a 35% cut in the Finnish paper manufacturers IT costs.
The pre-tax capital gain on the sale will amount to around 7m, and will be booked in M-reals third-quarter results.
Some Logisware staff will transfer to M-real and Metslitto.
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