Indian technology services provider Infosys (NSE:INFY, BOM:500209) has entered into a strategic deal with Lufthansa Group and its IT subsidiary, Lufthansa Systems GmbH, to accelerate digital transformation in the aviation industry, according to a Tuesday filing to the Indian stock exchanges.
As part of the long-term partnership, the companies will establish a dedicated global capability center in Bengaluru, India.
The new center is aimed to help boost Lufthansa Group's software and product development as well as increase support for Lufthansa Systems products for the external airline market customers.
Shares of the company were down over 1% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.