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Michelin Signs an 8-Year Partnership Agreement With IBM Valued at 1 Billion Euros

Michelin Leverages IBM Global Services' Unrivaled Worldwide Capabilities and Experience to Transform Its IT Infrastructure

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ARMONK, N.Y. - 11 Dec 2003: Michelin, the worldwide market leader in tires, and IBM announced today that they have signed a partnership agreement valued at 1 billion euros. According to this eight-year agreement, IBM will take over the management and maintenance of Michelin's IT infrastructure in North America and Europe. This agreement is part of Michelin's continued commitment to quality in all aspects of the company's activities. This commitment includes a focus on achieving optimal financial results through the application of best practices in terms of technology adoption and utilization as well as access to the best skills available in the domain of information technology.

It is expected that about 600 current Michelin employees worldwide will join IBM beginning in first-quarter 2004. Under the terms of this agreement, IBM will be responsible for the following Michelin IT infrastructure activities: IT production operations and management, user support, technical support, solution industrialization and distribution of servers, workstations, PCs, software and production applications.

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