Thursday, September 16, 2010
TCS buys Indian arm of SuperValu
BANGALORE: The country's lead tech player Tata Consultancy Services has acquired SuperValu Services India, the captive unit of Minneapolis-based grocery retailer SuperValu Inc. As per a multi-year deal, valued over $100 million, over 600 associates of SuperValu working in Bangalore will now become part of TCS. The integration procedure is expected to be completed within a month.
The engagement is transformational in nature and will drive operational efficiencies for SuperValu through integration of IT, BPO and infrastructure services, said an official communique. The captive unit was set up in 2007 and focuses on IT infrastructure, applications and business and corporate services for its parent company.
The supermarket chain SuperValu is one of the largest players in the US grocery channel with estimated annual sales of $38 billion. It serves customers through a network of 4,270 stores.
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