Infosys Completes Formation Of JV With Hitachi, Panasonic And Pasona In Japan

Indian IT major Infosys Monday said it has completed the formation of its joint venture with Japanese technology behemoths Hitachi, Panasonic and Pasona. Named HIPUS, the JV will operate inJapan and enhance Infosys’ presence in the country.

This first announcement of the JV was made on December 14, 2018. As per the agreement, Infosys will acquire 81% 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.

The joint venture will accelerate business process transformation leveraging digital procurement platforms for the local and global needs of Japanese corporations. Infosys will bring its global expertise in procurement processes, consulting, analytics and digital technologies such as artificial intelligence (AI) and Robotic Process Automation (RPA) to the venture.

“Combined with Hitachi and Panasonic’s knowledge of their procurement functions and local teams, and Pasona’s human capital and BPM networks in Japan, the entity will provide differentiated, end-to-end, efficient and high value procurement capabilities to corporations,” Infosys said in a statement.

HIPUS Co., Ltd., the new venture has named Shinichiro Nagagata, as Chief Executive Officer. The joint venture will be headquartered in Japan, and more than 200 employees will be part of it on establishment.

 

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