Tractor maker Escorts has tied up with IT services major Cognizant to modernise its technology landscape. The multi-year, multi-million dollar engagement spans all of Escort's businesses, including agri-machinery, material handling and construction equipment, railway equipment and auto components, Escorts Ltd said in a statement. As part of the deal, Cognizant will enable the company to improve control and collaboration across its value chain by mobile-enabling its workforce and integrating multiple systems used by vendors, sales partners, and customers, it added. The company, however, did not disclose the financial details of the deal. "This will help Escorts continuously improve product quality and offer a broad range of customised, configurable, and value-added products and services, strengthening existing customer relationships and building new ones," it said. Escorts Managing Director Nikhil Nanda said the strategic engagement is expected to create a positive impact on the entire Escorts ecosystem. "Aligning our engineering expertise with Cognizant's capabilities will help all of our businesses unlock tremendous value," he added. By leveraging organisational synergies and next-generation technologies, the company will be able to improve performance efficiencies as well as attain the next level of innovation and market leadership, Nanda said. Escorts stock closed at Rs 119.80, up marginally from the previous close, on the BSE.
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