11 March 2010Spain

• Both companies will cooperate in the organization, commercialization and implementation of CLH’s business model in other countries and companies.

CLH Group’s Chief Executive Officer, Jose Luis López de Silanes and Indra’s CEO, Regino Moranchel, signed a framework agreement at CLH’s headquarters today. The cooperation agreement seeks to promote CLH’s business model internationalization in the oil products sector.

The objective of this agreement is to organize, commercialize and implement CLH’s business model in third countries and in oil products companies in order to promote the company’s logistics services across the world and in other sectors.

The first step will be the organization of the business model so that it can be completely or partially commercialized and the identification of potential clients in countries and markets which could benefit from the implementation of CLH’s model.

The agreement includes services of consultancy of strategy and operations, organization and processes and implementation of information systems.
During the ceremony, CLH Group’s CEO pointed out: “the cooperation agreement will help promote CLH Group’s internationalization project thanks to Indra’s broad international experience”.

Indra’s CEO mentioned that “this agreement will give Indra new opportunities to offer its clients added-value services, combining experience in strategy consultancy services for the implementation of business models with its capacity to innovate in technology”.

The CLH Group is formed by Compañía Logística de Hidrocarburos CLH, S.A. and its subsidiary company, CLH Aviación, S.A., is the leading company in the Spanish market for the transportation and storage of oil products, with over 80 years of experience in this sector. The company has one of the largest and most efficient integrated oil product transport and storage networks in the world, with more than 3,800 kilometres of oil pipelines and 37 storage facilities.
Indra has broad experience in the design, development and implementation of business models by applying adequate methodologies in order to increase the clients’ value by means of technology innovation.

Indra is the premier Information Technology company in Spain and a leading IT multinational in Europe and Latin America. It is ranked as the second European company in its sector according to stock market capitalization, and also the second Spanish company with the most investment in R&D. In 2009, revenues reached €2,513m of which a third came from the international market. The company employs more than 29,000 professionals and has clients in more than 100 countries.

 

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