FPT Software Company signed a contract worth over US$100 million with Innogy SE, a member of European energy company RWE, in Ha Noi on Thursday.

The contract is the biggest ever in 20 years, since Viet Nam’s largest software business was established in 1999. Innogy SE, which has a network of 23 million clients worldwide, earned 44 billion euro in 2016.

Under the contract, FPT Software will provide solutions based on SAP technology, Internet of Things and digital conversion platforms for Innogy SE in the period 2018-24.

Chairman of FPT Software, Hoang Nam Tien, said that being a long-term partner of the RWF would make a great contribution to the firm’s revenue in the European market and open up opportunities for accessing the RWE’s big customers.

Fabian Andreas, purchasing manager of Innogy SE, said his company was developing very fast so it was necessary to ensure access to knowledge and resources, but above all innovation capacity in the field of information technology to change the markets of power, water and gas.

Previously, FPT bought all the capital of RWE Slovakia IT in 2014 and changed its name to FPT Slovakia. In the same year, it began projects on providing technology services for RWE AG/Innogy SE. So far, these projects have obtained positive results.

FPT Software has been supplying services to about 550 clients globally — 75 of which are listed on the Fortune Global 500. — VNS