IBM (IBM)

International Business Machines and French state-owned rail operator SNCF are set to create a joint venture as part of a six-year IT contract worth 1.7 billion euros ($2.47 billion) in sales, La Tribune reported. The joint venture will be 51 percent owned by SNCF and will involve the maintenance, development and production of applications for the railway operator, the paper said on Tuesday, citing unnamed industry sources.

Jan 12 · 1:04:00 PM · Source: Reuters
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by Larry Etter