Shares of HCL Technologies were trading in the green and 1.7% higher on 6 December after the company signed a five-year agreement with Swedish manufacturer Husqvarna Group for a strategic digital transformation partnership through artificial intelligence-based solutions.

In its regulatory filing, the company said, “In a major milestone for HCL Technologies, this is the first time a large global IT contract by an India- headquartered technology company has been Vested certified.”

Husqvarna Group is a global manufacturer of outdoor power and watering products, power tools, and cutting equipment.

The financial consideration of the deal is yet to be disclosed.

Under the five-year agreement, the company will leverage its artificial intelligence, digital, engineering, and support services to enhance the resilience and stability of Husqvarna Group’s IT environments through hyper-personalised, artificial intelligence solutions, adaptive, and a collaborative governance framework.

Robert Hafredal, Group CIO of Husqvarna Group, said, “We are excited to formalise our partnership with HCL Technologies as our strategic Vested IT partner. We have co-created a unique governance model that will improve and accelerate technology development and a unified operating model that would further IT’s cause of creating value for our customers,”

The partnership will continue to enable the company to empower its business with sustainable technology and data together.

Pankaj Tagra, Corporate Vice President – Europe and Africa, HCL Technologies, said “We are glad to be a fully certified partner to Husqvarna Group in Vested methodologies, creating a unique model of transparency and incentives for us to jointly grow in our partnership.”

At 3:30 pm, the shares of HCL Technologies closed 0.87% higher at Rs 1,329 on NSE.