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Tata Consultancy Services signed a €550 million, 7-year agreement with Tryg to standardise IT operations across Denmark, Sweden, and Norway. The deal covers AI, cloud, cybersecurity, and infrastructure services. | Source: TCS Press Release (NSE Exchange Fillings) | Published on Sept 03, 2025
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As quoted in the press release from TCS (NSE Exchange filligs), the company has secured a €550 million, 7-year agreement with Tryg, one of Scandinavia's largest non-life insurers. The purpose of the agreement is to simplify and standardize IT operations in Tryg's key markets, which are Denmark, Sweden, and Norway. If you follow the IT sector, this is one of TCS' major multi-year deals in Europe.
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TCS has signed a €550 million, 7 year contract with Tryg.
This partnership furthers the relationship between TCS and Tryg that now spans 15 years.
The scope of the deal includes AI, cloud, application development, cybersecurity, and end-user services.
The agreement is aligned with the ongoing transformation of IT systems across three markets in Scandinavia.
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The contract is built on a 15-year collaboration with TCS and Tryg. Under the new agreement, TCS will be responsible for application development and management, infrastructure services, end-user services, and cybersecurity. What this means for you as a spectator, is that TCS is solidifying its position as a prominent digital partner in Europe.
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Details of Agreement | Information |
Deal Value | €550 million |
Duration | 7 years |
Markets Covered | Denmark, Sweden, Norway |
Services Included | AI, Cloud, Cybersecurity, IT Operations |
TCS will implement AI and cloud-based platforms to automate processes and optimize IT delivery. Additionally, the company will combine existing fragmented operating models across Tryg's markets. For you, this indicates that there will be an increased emphasis on efficiency and service integration on a regional scale in which Tryg operates.
As of 02 September 2025 at 15:30 PM IST, the TCS share price closed ₹3,112.00, down by ₹0.60 or 0.019% on the BSE. It's important to track the TCS share price, as international contracts such as this one will continue to solidify the company's ramping up presence in the global IT services.
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