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lkq: Infosys, LKQ Europe sign 5-year partnership for business process integration


Indian IT services major Infosys has announced a five-year collaboration with automotive aftermarket parts distributor LKQ Europe to help integrate business processes and systems.

“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.

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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.

In the current quarter, Infosys announced partnerships with Belgium-based digital services and communications solutions provider Proximus and electric mobility firm smart Europe GmbH. Last month, it also established a new proximity center in Sofia, Bulgaria, committing to hire local talent and attract, re-skill, and up-skill 500 new employees over the next four years.

A distributor of automotive aftermarket parts for cars, commercial vans, and industrial vehicles in Europe, 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, the statement added.

“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.

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Headquartered in Switzerland, LKQ Europe supplies more than one lakh 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, an independent car parts and service chain in the Nordic region.“Our expertise in harmonizing and digitising 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,” said Jasmeet Singh, EVP & global head of manufacturing, Infosys.

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