Mindtree shares surged 5 per cent after the company announced that it has been selected by Mölnlycke Health Care, to enhance business efficiency using the SAP application suite.

Mölnlycke Health Care is a provider of high-quality healthcare solutions for customers, healthcare professionals and patients worldwide. The company headquarters are located in Gothenburg, Sweden, with offices and factories worldwide.

Shares of the company were seen trading at Rs 1482, higher by 4.70 per cent on BSE at 12.36 pm IST. It touched an intra-day high of Rs 1488 during the day.

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Mindtree will help drive strategic transformational programs for Mölnlycke by implementing lean IT practices to further improve efficiencies. This will result in cost effective delivery globally, on a single service management platform, the company said in the press release.

This will help Mölnlycke Health Care optimize the time to market of its products, the company added.

Rostow Ravanan, Executive Director, Mindtree said , "Our ability to deliver business value to clients, manage large programs and the recent acquisition of Bluefin Solutions in the SAP consulting and HANA segments uniquely positions us to deliver transformational services to Mölnlycke Health Care."

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