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Infosys Receives Long Term IT BPM Contract From ArcelorMittal

Friday, 09 April 2021, 04:47 Hrs

Infosys NSE 0.67 % has won a long term contract from ArcelorMittal for digital transformation of the European operations of the world's largest steel maker. Infosys will deal application management and business process management (BPM) services to ArcelorMittal. The deal worth was not disclosed.

Infosys will also establish a Business Process Management (BPM) service in ArcelorMittal Europe’s Business Center of Excellence (BCoE) shared services center. The collaboration will further strengthen Infosys’ presence in Europe and will enable Infosys to maximise synergies across the ArcelorMittal Group worldwide, it stated in a statement.

“The need to accelerate digital transformation has never been more urgent in the manufacturing sector. We are pleased to partner with ArcelorMittal and help them stay one step ahead of disarray.

"Leveraging our global delivery model, right shoring, and robust BPM offerings, we are committed to driving efficiency, bolstering operational excellence, and establishing future-ready services in line with ArcelorMittal’s growth strategies," Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys, stated,

European companies have stepped up outsourcing to Indian firms such as Infosys, TCS and Wipro as they look to cut costs and improve efficiency, while enabling their organization’s to shift to digital.

"We are confident that this collaboration will mean our employees and associates are equipped with powerful new tools that enhance our competitiveness and fuel our innovation,” Geert Van Poelvoorde, CEO of ArcelorMittal Europe added in the statement.