HCL Technologies Ltd (HCL) has signed a five-year outsourcing agreement for IT infrastructure services with Helsinki-based UPM.

As part of this agreement, HCL will provide data centre, end-user support, network services and professional IT services to UPM. HCL will also set up a data centre in Finland and strengthen its existing Espoo Delivery Center to provide the services.

The deal value is estimated to be $300 million, according to information given by the company to the BSE.