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SuperValu to divest SuperValu India

Minneapolis SuperValu said Tuesday that it teamed with Tata Consultancy Services (TCS) to sell SuperValu India to TCS.

Selling to the Mumbai, India, IT services, business solutions and outsourcing organization, said SuperValu, will allow SuperValu to strengthen its overall business by operating more efficiently and effectively.

“For SuperValu, this move will allow us to improve operations, freeing up funds to invest more aggressively in our customers. It will also allow us to move more quickly toward business solutions,” said Wayne Shurts, SuperValu’s chief information officer. “We have many talented associates at SuperValu India, and an added benefit of this arrangement is that they will continue to play a key role in the future success of the company.”

SuperValu India was formed in 2007 and provides a variety of IT infrastructure, applications and business and corporate services for the company. As part of the agreement, more than 600 SuperValu India associates will become part of TCS.

The sale of SuperValu India to TCS is expected to be completed by October.

© 2014