Infosys, a global leader in consulting, technology and outsourcing solutions, has been selected by Volvo Cars as a strategic supplier to provide application development services for its global operations.
This agreement builds on the long-standing relationship as Infosys has been supporting Volvo Cars since 2010 to rationalize and integrate its enterprise systems.
Nitesh Bansal, vice president manufacturing Europe, Infosys, ''We will be a strategic supplier for Volvo Cars to deliver excellence and innovation to transform their IT landscape to a modern architecture. We are very pleased to collaborate with Volvo Cars in their strategic journey. We have an industry heritage, deep automotive expertise, and established track record of delivering that leaves us well positioned to be a strategic supplier to Volvo Cars. This agreement also reflects our strategic focus on the Nordic market and strengthens our presence in Sweden.''
Shares of the company gained Rs 31.95, or 0.95%, to trade at Rs 3,389.45. The total volume of shares traded was 72,027 at the BSE (Friday).