Nokia, the global technology company based out of Finland, has appointed JLL as the sole provider of Project Management Office (PMO) and portfolio manager services for their global portfolio, which includes projects in Europe, the Middle East, Asia and the Americas.
JLL will provide its services to three key Nokia business, namely Nokia Networks which provides broadband infrastructure, software and services; HERE which is Nokia’s mapping and location intelligence division; and Nokia Technologies, in charge of innovation development and licensing. Nokia is currently undertaking the acquisition of French telecommunication company Alcatal-Lucent for €15.6 mln, which will surely further increase Nokia’s need for JLL’s PMO services in the short term.
The responsibility for handling the portfolio was previously undertaken by a number of individual firms.
Geoff Dixon, Head of Global PMO, Nokia, said: “We chose JLL because we were looking for a partner with the specialised capital planning expertise and technology platform to help us deliver projects in line with our business objectives. As we grow our business, we need a solution that goes beyond the fundamentals of PMO. JLL demonstrated that they can add strategic value over and above providing the tools and processes to deliver projects.”
JLL will assign a team dedicated to overseeing various capital projects within different business units and locations for Nokia. Combining its unique mix of finance, construction, and real estate expertise, JLL seeks to improve productivity and project delivery speed, manage financial risk, analyse data to deliver ongoing improvements, and improve health and safety outcomes.
Jim Dobleske, Global Board Chair of JLL’s Project and Development Services group, said: “We are thrilled to be working with Nokia and look forward to making a big impact on their business. More and more of our clients are looking for strategic capital management that operates as a single, continuous process to help keep plans on track. The Nokia win is further evidence that JLL is an ideal partner for companies who really understand the value of aligning their capital spending with their long-term business goals.”
Source: JLL
