Paving the way for seamless integration and
growth in the auto parts industry
BENGALURU, India, Dec. 21, 2023 /PRNewswire/
-- Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a
global leader in next-generation digital services and consulting,
today announced a 5-year collaboration with LKQ Europe, one of the
leading distributors of automotive aftermarket parts for cars,
commercial vans, and industrial vehicles in Europe. Following multiple strategic
acquisitions, LKQ has envisioned a corporate program that entails
harmonizing business processes, improving product availability, and
enabling faster delivery to end customers. Under this
collaboration, Infosys will assist to integrate and standardize
disparate business processes and systems, to enable synergies and
achieve economies of scale.
Infosys was chosen as a strategic partner to lead LKQ Europe's
IT related business transformation owing to its strong credentials
in ERP deployment, and commitment to a long-term collaboration. LKQ
Europe will leverage Infosys' industry expertise in automotive and
distribution solutions and implement systems with robust
capabilities to drive sustainable productivity and to support their
long-term business objectives.
Varun Laroyia, Chief Executive Officer, LKQ
Europe, said, "At LKQ, we are constantly enhancing our
market leading position. This project is an extension of our
original program and focused on building a more streamlined and
impactful organization. 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."
Jasmeet Singh, EVP &
Global Head of Manufacturing, Infosys, said, "We are
thrilled to collaborate with LKQ Europe and enable them in their
transformative journey. Our expertise in harmonizing and digitizing
complex processes and transforming customer experience aligns
perfectly with LKQ Europe's goals. We are committed to delivering
innovative solutions that will streamline LKQ Europe's operations,
support their growth, and ensure LKQ Europe's continued success in
the automotive aftermarket industry."
About LKQ Europe
LKQ Europe, a subsidiary of LKQ Corporation (www.lkqcorp.com),
headquartered in Zug, Switzerland,
is the leading distributor of automotive aftermarket parts for
cars, commercial vans, and industrial vehicles in Europe. It currently employs approximately
26,000 people with a network of more than 1,000 branches. The
organization supplies more than 100,000 workshops in over 20
European countries. The group includes LKQ UK & Ireland, LKQ Benelux-France, LKQ RHIAG Group,
Elit, LKQ CZ, and LKQ DACH, as well as recycling specialist,
Atracco. LKQ is the largest shareholder in MEKO Group.
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. Over 300,000 of our people work to amplify human
potential and create the next opportunity for people, businesses
and communities. We enable clients in more than 56 countries to
navigate their digital transformation. With over four decades of
experience in managing the systems and workings of global
enterprises, we expertly steer clients, as they navigate their
digital transformation powered by cloud and AI. We enable them with
an AI-first core, empower the business with agile digital at scale
and drive continuous improvement with always-on learning through
the transfer of digital skills, expertise, and ideas from our
innovation ecosystem. We are deeply committed to being a
well-governed, environmentally sustainable organization where
diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY)
can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, or our future financial or operating performance are
forward-looking statements intended to qualify for the 'safe
harbor' under the Private Securities Litigation Reform Act of 1995,
which involve a number of risks and uncertainties that could cause
actual results or outcomes to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and
uncertainties regarding the execution of our business strategy, our
ability to attract and retain personnel, our transition to hybrid
work model, economic uncertainties, technological innovations such
as Generative AI, the complex and evolving regulatory landscape
including immigration regulation changes, our ESG vision, our
capital allocation policy and expectations concerning our market
position, future operations, margins, profitability, liquidity,
capital resources, and our corporate actions including
acquisitions. Important factors that may cause actual results or
outcomes to differ from those implied by the forward-looking
statements are discussed in more detail in our US Securities and
Exchange Commission filings including our Annual Report on Form
20-F for the fiscal year ended March 31,
2023. These filings are available at www.sec.gov. Infosys
may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
Company's filings with the Securities and Exchange Commission and
our reports to shareholders. The Company does not undertake to
update any forward-looking statements that may be made from time to
time by or on behalf of the Company unless it is required by
law.
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