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Infosys turns volatile after signing partnership with GEFCO

Capital Market 

Infosys said that it has partnered with GEFCO to support its digital transformation over the next five years.

In early trade, the scrip slipped 0.63% to Rs 768.60 on the BSE.

GEFCO is a world leader in multimodal supply chain solutions and the European leader in automotive logistics.

As a key business and technology partner of GEFCO, Infosys will help transform the group's next generation business application management services. Building upon the foundation of these services, Infosys will also leverage its Live Enterprise Suite to help GEFCO evolve into a 'Digital Native' organization.

This will enable new supply chain capabilities to extract and process information in real time and generate purposeful insights with very low latency to help GEFCO respond intelligently and effectively across the value chain. The end objective is to help GEFCO create new sustainable sources of competitive advantage and continuously improve value for its customers.

The announcement was made after market hours yesterday.

Infosys is engaged in the business of offering digital services and consultancy services.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 14 2020. 09:20 IST