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Infosys Announces Joint Venture with Hitachi, Panasonic and Pasona in Japan
Infosys announced the formation of a joint venture with Hitachi Ltd., Panasonic Corporation and Pasona Inc, strategically enhancing its presence in Japan.
Executing on its strategy to help clients navigate their digital journey, the entity formed by complementary, iconic companies coming together, will accelerate business process transformation leveraging digital procurement platforms for the local and global needs of Japanese corporations, the IT firm said.
Infosys will acquire 81 percent of the shareholding in Hitachi Procurement Service Co., Ltd., Hitachi’s fully owned subsidiary that currently handles indirect materials purchasing functions for the Hitachi Group. Hitachi, Panasonic and Pasona will be minority shareholders of the entity.
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