Cognizant Technology Solutions has been selected by Germany-based Klockner & Co, a global producer-independent distributor of steel and metal products, as a partner for IT services to support the company’s IT strategy and digitisation of operations across Europe.

Under a multi-year, multi-million dollar agreement, Cognizant will consolidate and manage Klockner & Co’s IT services as part of the company’s enterprise-wide strategy.

By using flexible contracting models, including catalogue-based pricing and managed services, Klockner & Co will achieve cost efficiencies while extending the overall agility and scalability of its technology backbone, says a Cognizant press release.

To retain the domain knowledge, business culture and systems knowhow of Klöckner & Co, Cognizant has acquired KIS Information Services, Klöckner & Co’s technology services provider, and brought on board KIS around 100 employees.

KIS has expertise in business processes pertaining to multi-metal distribution and logistics, in addition to technologies such as SAP HANA and cloud services. This will help Cognizant broaden and deepen its technology portfolio, strengthen its industry sector expertise, and expand its network of local delivery centres across Germany, Switzerland, France and the UK, the release said.

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