Capgemini Takes Over 10 Year Automatic Meter Management Contract Worth approximately E94m

Capgemini US - 02.16.2010

Capgemini Sverige AB, a subsidiary of Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, today announced it will be taking over a contract worth a minimum €94 million to manage the existing smart meter portfolio of Fortum Distribution AB in Sweden from current service provider. The ten year contract will be delivered through Capgemini’s proprietary Managed Business Services usage-based pricing model, a part of the company’s new Smart Energy Services offering to be announced soon.

The contract includes management of Fortum’s existing portfolio of 860,000 smart meters in Sweden and encompasses a range of services including regular and scheduled meter reading, field services, service desk, management reporting, data centre hosting and application management. Capgemini will also be responsible for managing subcontractors, such as telecommunications, software providers, meter manufacturers and field service providers.

The project will be supported through a global delivery model based on Capgemini’s Rightshore® approach, achieving the right balance of the best talent from multiple locations, with services provided from countries including Sweden, Poland, India and Finland.

Peter Harris, Vice President and European leader of Capgemini’s Smart Energy Services comments: “This is a deal of the utmost significance for Capgemini. Not only is Fortum an ambitious company, with aspirations to be a leader in the smart energy sector, the Nordic region is also leading Europe in this space with smart meters already deployed in every household in Sweden, and Finland and Norway close behind. We welcome the opportunity to harness the strength and collective expertise of our newly formed dedicated Smart Energy Services practice to help the company achieve its goals.”

About Capgemini

Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, enables its clients to transform and perform through technologies. Capgemini provides its clients with insights and capabilities that boost their freedom to achieve superior results through a unique way of working, the Collaborative Business ExperienceTM. The Group relies on its global delivery model called Rightshore®, which aims to get the right balance of the best talent from multiple locations, working as one team to create and deliver the optimum solution for clients. Present in more than 30 countries, Capgemini reported 2008 global revenues of EUR 8.7 billion and employs 90,000 people worldwide. More information is available at www.capgemini.com.

About Fortum

Fortum is a leading utilities company focusing on the Nordic countries, Russia and the Baltic Rim area. Activities cover the generation, distribution and sale of electricity and heat and the operation and maintenance of power plants. Our vision is to be the benchmark power and heat company excelling in sustainability. In 2009, Fortum’s sales totalled EUR 5.4 billion and operating profit was EUR 1.8 billion. The company employs approximately 11,500 people. Fortum’s shares are quoted on NASDAQ OMX Helsinki. More information is available at www.fortum.com

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