Automotive OEM to Implement IFS Applications

Regulatory News:

IFS, the global enterprise applications company, announces that a European original equipment manufacturer (OEM) specializing in utility vehicles, has decided to implement IFS Applications™. The contract includes licenses and services worth EUR 2.7 million.

The automotive industry is one of IFS’s targeted markets. IFS’s industry solution provides the right tools for managing the interaction between automotive dealers, automotive OEMs, automotive suppliers, and subcontractors in networks of varying complexity. IFS Applications—with its unique agility, scalability and openness—offers unprecedented breadth and depth of functionality for all business-critical processes in the automotive sector.

IFS’s automotive customers include Volvo, BMW, Scania, Linamar, Borgstena, HUF Hülsbeck & Fürst, Toyota, and Finnveden Group.

About IFS

IFS™ is a public company (XSTO: IFS) (STO:IFSA) (STO:IFSB) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite. IFS focuses on industries where management of any of the following four core processes is strategic: service & asset, manufacturing, supply chain, and projects. The company has 2,100 customers and is present in approximately 60 countries with 2,800 employees in total. Net revenue in 2012 was SKr 2.7 billion.

More information on IFS is available at www.IFSWORLD.com

Follow us on Twitter: @ifsworld

Visit the IFS Blogs on technology, innovation and creativity: http://blogs.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 December 23, 2013, at 4.30 p.m. CET.

This information was brought to you by Cision http://news.cision.com