Press Release: December 15, 2010

E.ON Signs Services Agreement with HP to Create Flexible Infrastructure in Support of Company Growth

PALO ALTO, Calif. -- Hewlett-Packard GmbH and E.ON IT GmbH, the IT and telecommunications provider for Europe’s utilities company E.ON AG, today announced they have signed a five-year, $1.4 billion infrastructure technology outsourcing services contract.

One of the first major European utilities to outsource its technology infrastructure, E.ON has chosen HP to provide data center operations and workplace services in support of its global growth. The agreement is expected to strengthen E.ON’s competitiveness and create a more flexible technology environment.

“E.ON demands consistent, innovative and agile IT services to operate in a competitive global industry,” said Edgar Aschenbrenner, chief information officer, E.ON. “HP has proven experience in large-scale IT outsourcing and a global presence. We have asked them to apply their broad experience and innovation capabilities and to act as operational integrator toward our other key partners.”

HP is helping E.ON become an Instant-On Enterprise by embedding technology in every layer of its business to better serve customers, employees and partners with whatever they need, instantly. HP is working with E.ON IT to create a consistent, optimized and cost-effective technology infrastructure that will help lower the company’s technology investment.

“Utility companies need to remain stable to deliver excellent client satisfaction while adapting quickly to changing regulations and energy sources in the coming years,” said Jan Zadak, senior vice president­, Enterprise Business – EMEA, HP. “HP’s experience in managing complex outsourcing engagements and leading the management of multisupplier environments will enable E.ON to focus on delivering better business results and drive growth.”

Under the terms of the agreement, HP will directly manage the data center services and workplace services for more than 80,000 employees. To reduce management complexity for E.ON, HP also will act as operational integrator, collaborating closely with E.ON’s other key IT suppliers. As a result, more than 1,100 employees will transfer to HP in April 2011.

HP currently supplies technology equipment, support services and managed print services for E.ON.

About E.ON

E.ON (http://www.eon.com) is one of the world’s largest investor-owned power and gas companies. The company’s more than 88,000 employees generated just under €82 billion in sales in 2009. With leading market positions in power and gas and nearly 26 million customers, E.ON operates in more than 30 countries. With a balanced energy mix incorporating all generation technologies, E.ON strives to provide a secure, climate-friendly and affordable supply of electricity.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP (NYSE: HPQ) is available at http://www.hp.com/.


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