Infosys, LKQ Europe announce 5-Year collaboration for business transformation

Technology major Infosys has revealed a 5-year collaboration with LKQ Europe, a prominent distributor of automotive aftermarket parts across Europe. The collaboration aims to streamline business processes, enhance product availability, and expedite delivery to end customers following LKQ's recent strategic acquisitions.

LKQ Europe's corporate program focuses on harmonizing disparate business processes and systems to achieve economies of scale. Infosys, selected for its expertise in ERP deployment and commitment to long-term collaboration, will play a pivotal role in integrating and standardizing these processes.

Varun Laroyia, CEO of LKQ Europe, emphasized the significance of this collaboration, stating, "This project is an extension of our original program, focused on building a more streamlined and impactful organization. With Infosys as our strategic partner, we aim to reduce complexities, increase efficiency, and upgrade our focus on customer-centricity."

Jasmeet Singh, EVP & Global Head of Manufacturing at Infosys, expressed enthusiasm about the collaboration, saying, "We are thrilled to collaborate with LKQ Europe and enable them in their transformative journey. Our expertise aligns perfectly with LKQ Europe's goals, and we are committed to delivering innovative solutions that will streamline operations and support their growth in the automotive aftermarket industry."

Moreover, TCS, Infosys, and HCLTech's latest quarterly reports reveal a shift in growth dynamics, with a significant portion now stemming from the European region. This trend is notable as growth in the American market has decelerated, attributed to macroeconomic uncertainties. Notably, the United Kingdom (UK) stands out as one of the industry's swiftest growing markets within Europe.