Ludwigshafen, Germany – February 27, 2014 – BASF Business Services Holding GmbH will in future focus on providing information services, supply chain operations and business process management solutions exclusively for BASF Group. These include consulting, development and operation of IT systems as well as the design of business processes along the value chain. Following this strategic decision, the company will not continue its business with third party customers, which has sales in the low double-digit million euro range. BASF Business Services Holding GmbH has thus signed an agreement to sell its third party business including the 100%-owned subsidiary BASF Business Services Consult GmbH, based in Hamburg, to Tech Mahindra GmbH, Düsseldorf, a German subsidiary of Tech Mahindra Limited, India, a provider of IT solutions and services.
Legal closing of the transaction is expected in the second quarter of 2014. All 60 employees of BASF Business Services Consult GmbH are included in the transaction and retain their employment contracts with the company. Further details of the transaction were not disclosed.
About BASF Business Services Holding GmbH
BASF Business Services Holding GmbH (until 31.12.2013 BASF IT Services Holding GmbH) is an indirect wholly-owned group company of BASF SE. The group of companies employs approximately 2,200 employees and had annual sales of €523.5 million in 2013. With its long-standing expertise and high customer focus, BASF Business Services supports the effectiveness and efficiency of business processes in BASF Group. The innovative and competitive service portfolio ranges from consulting, development and operation of IT systems to the design and optimization of business processes throughout the value chain. BASF Business Services is certified according to the international quality management standard ISO 9001:2008 and international information security management standard ISO 27001:2005. More information is available on the internet at www.basf-business-services.basf.com
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of €74 billion in 2013 and over 112,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.