Sorry but a 10 year agreement only benefits the client. Technology companies generally do not want to do 10 year agreements. In 10 years technology will be completely different. It locks SPX into providing upgrades for this period. Point to any other tech company that would agree to a 10 year agreement. There are also very worrying clauses in this release like “ both parties will build initiatives that will improve the digitisation of the automotive industry”. This looks frighteningly like bespoke work unless SPX intents to pivot to servicing the automotive industry. reads like Capricorn have really bent them over to get what they want. Market seems to agree.
Positive SPX, page-1204
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