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ZALARIS ASA

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Zalaris ASA Expands and Renews Agreement with Siemens AB, for Pan-Nordic Payroll Services

01/11/2022 | 03:00am EDT

Zalaris ASA has signed a six-year renewal of an agreement to deliver payroll transactional Human Resources services to SiSiemens AB. The agreement expands the 16-year relationship of Siemens and Zalaris to now complete pan-Nordic coverage - including Siemens' Danish and Finnish entities. Zalaris' first contract with Siemens was signed in Sweden with Siemens Industrial Turbomachinery AB in 2005 followed by contract with Siemens AS in Norway 2006. Now, the renewal of the payroll Business Process Outsourcing (BPO) agreement with Zalaris, includes an expansion to cover the whole Nordic region and the Baltics as an option. As a part of the agreement, Zalaris will deliver one multi-country payroll solution based on Zalaris' PeopleHub with one common integration to Siemens' Workday-based HR system. This supports the implementation of a harmonised pan-Nordic delivery model and full digitisation of all local master data processes. As a result of implementing the new expanded agreement, Zalaris will now deliver fully Managed pan-Nordic Payroll Services to approximately 8,000 Siemens employees in the Nordics.


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Stocks mentioned in the article
ChangeLast1st jan.
ON SEMICONDUCTOR CORPORATION 0.70% 56.46 Delayed Quote.-16.87%
ZALARIS ASA 1.60% 38.2 Real-time Quote.-29.26%
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Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 824 M 84,3 M 84,3 M
EV / Sales -1
EV / Sales 0
Nbr of Employees 876
Free-Float 50,9%
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Hans-Petter Mellerud Chief Executive Officer
Gunnar Manum Chief Financial Officer
Adele Bugge Norman Pran Chairman
Halvor Leirvåg Chief Technology Officer
Liselotte Hägertz Engstam Independent Director
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