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mg technologies and IBM announce $1 billion high-tech alliance

Stuttgart/Frankfurt, 21 July 2000

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IBM today announced a 15 year, &#036;1 billion global technology services agreement with mg technologies ag, an international technology company which includes mg engineering & mg chemical group. </span></p><p><span>Under the terms of the agreement, IBM Global Services will manage & operate the Information Technology (IT) infrastructure & provide operational services to all IT areas of mg technologies - 21 Jul 2000: wide consolidation of information technology will optimise IT-supported business processes and follows the successful reorganization of this raw materials conglomerate into an innovative technology company.

To meet growing business challenges, mg technologies felt it was necessary to find a strong partner: as an international IT service provider, IBM Global Services brings the experience and expertise, as well as the essential personnel and technical resources, that meet the local and international needs of mg technologies ag.

"IBM's international know-how in IT services convinced us that this partnership could result in significant short-term savings," said Karlheinz Hornung, board member of mg technologies ag. "We now have the advantage of being able to concentrate on developing our core competencies - while having access to modern and innovative IT technology."

"mg technologies recognise the crucial role which technology can play in terms of business growth. IBM will contribute its proven skills and expertise in levering technology for business advantage," commented Ernst Koller, General Manager of IBM Global Services Central Region. "We intend to work with mg technologies to optimise its current and evolving infrastructure in Germany as well as other areas as the company's growth dictates."

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About mg technologies ag
mg technologies ag is an international technology company with nearly 40,000 employees in the core competency areas of engineering and chemicals. Its engineering corporations plan and build industrial equipment, components, systems, and process lines for various industries with a focus on the growing markets of nutrition, health, and environment. The chemical division develops and produces chemical specialties and innovative materials. mg technologies ag is also involved in chemical distribution and operates an Internet platform for the chemical and pharmaceutical industries: www.cheop.com. Further information at www.mg-ag.de.

About IBM
IBM is the world's largest information technology company, with 80 years of leadership in helping businesses innovate. IBM offers a wide range of services, solutions and technologies that enable companies to take full advantage of the new era of e-business.
IBM Global Services, with 1999 revenues of over $32 billion and more than 138,000 professionals serving customers in 160 countries, is the world's largest information technology services provider. IBM Global Services integrates IBM's broad range of capabilities - services, hardware, software and research - to help companies of all sizes realise the full value of information technology. For more information visit www.ibm.com/services.

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