Infosys and LKQ Europe Ink 5 year Pact For Business Process Integration By CIOTechOutlook Team

Infosys and LKQ Europe Ink 5 year Pact For Business Process Integration

CIOTechOutlook Team | Friday, 22 December 2023, 03:40 IST

Infosys, an Indian IT services company, has established a five-year partnership with automotive aftermarket parts distributor LKQ Europe to assist in the integration of business processes and technology.

“Under this collaboration, Infosys will assist to integrate and standardise disparate business processes and systems, to enable synergies and achieve economies of scale,” Infosys said in a statement.

This also aligns with Infosys’ strategy as part of its growth expansion in Europe for opportunities around next-gen digital technologies. The Bengaluru-based IT giant has been witnessing increasing business with about 5% revenue growth in constant currency in the July to September quarter in Europe year-on-year as against muted growth in the US, as per economic times.

Infosys established agreements in the current quarter with Proximus, a Belgian supplier of digital services and communications solutions, and clever Europe GmbH, an electric mobility startup. It also opened a new proximity center in Sofia, Bulgaria, last month, pledging to hire local talent as well as attract, re-skill, and up-skill 500 new employees over the next four years.

According to the statement, LKQ Europe, a distributor of automotive aftermarket parts for cars, commercial vans, and industrial vehicles in Europe, will leverage Infosys' industry expertise in automotive and distribution solutions and implement systems with robust capabilities to drive sustainable productivity and support their long-term business objectives.

“This project is an extension of our original program and focused on building a more streamlined and impactful organisation. With Infosys as our strategic partner, we are aiming to reduce complexities, increase efficiency and leverage our strengths. This will allow us to upgrade our focus on customer-centricity, ensure best in class customer experiences and further excel our top position,” said Varun Laroyia, chief executive officer, LKQ Europe.