Infosys Ltd.

BSE: 500209 | NSE: INFY
Large Cap | IT - Software
1120.00
-10.20 (-0.90%)
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Infosys inks JV with Hitachi, Panasonic Corporation, Pasona in Japan

Date: 14-12-2018

Infosys has formed a Joint Venture (JV) with Hitachi, Panasonic Corporation and Pasona Inc., strategically enhancing its presence in Japan. Executing on its strategy to help clients navigate their digital journey, the entity formed by complementary, iconic companies coming together, will accelerate business process transformation leveraging digital procurement platforms for the local and global needs of Japanese corporations.

Infosys will acquire 81% of the shareholding in Hitachi Procurement Service Company, Hitachi’s fully owned subsidiary that currently handles indirect materials purchasing functions for the Hitachi Group. Hitachi, Panasonic and Pasona will be minority shareholders of the entity.

Infosys is a global leader in technology services and consulting. The company enables clients in 45 countries to create and execute strategies for their digital transformation.