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2016-03-03

IFS: IFS acquires MainIoT Software Oy

IFS, the global enterprise applications company, today announces that
it has signed an agreement with the owners of MainIoT Software Oy
("MainIoT") to purchase 100 percent of the company's shares. The
purchase price will be paid in cash.

MainIoT provides software solutions for Enterprise Asset Management
(EAM) and Enterprise Service Management (ESM) as well as related
master data management solutions to companies operating in the
energy, process, manufacturing and service industries.

Now as part of IFS, MainIoT's customer base of more than 200
companies, including well-known companies like SSAB, Caverion, Neste,
Gasum, Empower and Maintpartners will benefit from access to IFS's
proven industry-focused solutions as well as the strength of a global
enterprise application vendor that is recognized by independent
analysts as an industry `leader'.

Fredrik vom Hofe, Group Senior Vice President Business Development,
said: "With the acquisition of MainIoT, IFS can be seen as executing
on its stated strategy for growth. MainIoT is very well positioned
within our focused high growth segments of Enterprise Asset & Service
Management, and will both strengthen our offering and helps us
consolidate the important Finnish market. In addition, IFS will be
able to leverage on MainIoT's capabilities within "Industrial
Internet of Things" - an area where we actively work on developing
our offerings".

MainIoT was previously a wholly owned division of Solteq Oyj with
employees based across two Finnish offices in Helsinki and Tampere.
The company generated €5 million in revenue and had an EBITDA-margin
of 25% (FY 2015).

Tapani Pohjonen, IFS Finland CEO, said: "IFS has been very successful
in recent years within the Finnish Enterprise Asset Management &
Enterprise Service Management market. Through this acquisition we
further strengthen our business in these focus markets and bolster
our team with highly accomplished professionals who will help us
further enhance the service we offer IFS and MainIoT customers. We
warmly welcome all new colleagues and customers to IFS".

IFS expects that there will be a limited positive earnings impact from
the acquisition in 2016.

Fredrik vom Hofe, Group Senior Vice President, Business Development.
Telephone: 46 733 453046, fredrik.vom.hofe@ifsworld.com

Oliver Pilgerstorfer, Corporate Communications. Telephone: 44 1494
428900, oliver.pilgerstorfer@ifsworld.com

About IFS

IFS (http://www.ifsworld.com/en/)™ is a globally recognized leader in
developing and delivering enterprise software for enterprise resource
planning (ERP), enterprise asset management (EAM) and enterprise
service management (ESM). IFS brings customers in targeted sectors
closer to their business, helps them be more agile and enables them
to profit from change. IFS is a public company (XSTO: IFS) founded in
1983 and currently has over 2,800 employees. IFS supports more than 1
million users worldwide from its network of local offices and through
a growing ecosystem of partners. For more information visit:
www.ifsworld.com.

Follow us on Twitter: @ifsworld (http://twitter.com/ifsworld)

Visit the IFS Blog on technology, innovation and creativity:
http://blog.ifsworld.com/

IFS discloses the information herein pursuant to the Financial
Instruments Act (1991:980) and/or the Securities Markets Act
(2007:528). The information was submitted for publication on March 1,
2016, at 08:01 CET.

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http://news.cision.com/ifs/r/ifs-acquires-mainiot-software-oy,c9926882
http://mb.cision.com/Main/855/9926882/483445.pdf

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