Infosys signs digital transformation deal with ArcelorMittal

Infosys signs digital transformation deal with ArcelorMittal
Photo Credit: Reuters
8 Apr, 2021

Indian information technology (IT) services company Infosys on Thursday said it has entered into a long-term partnership with Luxembourg based steel and mining company ArcelorMittal. 

ArcelorMittal chose the Bengaluru based company to accelerate its digital transformation journey, and enable next-generation application management and business process management (BPM) services for ArcelorMittal Europe, as per a statement. 

"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,” ArcelorMittal Europe CEO Geert Van Poelvoorde said. 

The new deal will strengthen Infosys’ presence in Europe and help it maximise synergies across the ArcelorMittal Group worldwide, the statement said. ArcelorMittal was formed in 2006 from the takeover and merger of Arcelor by Lakshmi Mittal-owned Mittal Steel. 

“The need to accelerate digital transformation has never been more urgent in the manufacturing sector... 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 at Infosys, said. 

The $12.8 billion company is set to report its fourth quarter (Q4) results on April 14. Post Q3 client sign ups, Infosys announced projects with Denver, Colorado based gold mining company Newmont; Wichita, Kansas based aerostructures manufacturer Spirit AeroSystems; Zamudio Biscay based renewable energy giant  Siemens Gamesa Renewable Energy; Cork, Ireland based smart buildings solutions provider Johnson Controls; and Stuttgart, Germany based Mercedes-Benz maker Daimler

“What we are seeing, what that's demonstrating to us is, the client buying is more and more in the digital area. Our business in the cost services is extremely strong and competitive, and we believe that even here, we have a situation where we are ahead of where some of our peers are. But the spending with clients is not focused on digital, and with our reorientation investments and market connections in digital with our partners and with our clients, we start to see some benefits where digital is growing and therefore helping the overall company,” Infosys CFO Nilanjan Roy had told analysts during the firm’s Q3 earnings conference call.