IMCO Engineering & Construction selects IFS Applications


IFS, the global enterprise applications company, announces that IMCO, the
Kuwaiti EPC company, has chosen to implement IFS Applications to streamline
business-critical processes such as project and contract management. The
contracts include licenses and services worth approximately USD 1.7 million.
IMCO Engineering & Construction, based in Kuwait and Qatar, offers Engineering
and Construction Services throughout the Middle East. The company is active in
industries such as oil and gas; power generation, transmission, and
distribution; as well as water and wastewater infrastructure.

In order to streamline and manage its project-oriented, multi-country
operations, IMCO has decided to implement IFS Applications to ensure a fully
-integrated ERP system complete with extensive project and contract management
functionality as well as HR and local payroll capabilities.

“We are very pleased to receive such a prestigious contract,” said Ian Fleming,
Managing Director, IFS Middle East, Africa and South Asia. “EPCI and oil & gas
are industries that we prioritize and in which we have a number of renowned
customers. Our solution fully supports these project-oriented sectors and IMCO’s
choice further confirms our leading position in these markets.”
Contact Information
Anne Vandbakk
Telefon: 46 8 58 78 45 00
Corporate Communications Director
anne.vandbakk@ifsworld.com

Frédéric Guigues
Telefon: 46 8 58 78 45 00
Investor Relations
frederic.guigues@ifsworld.com
About IMCO Engineering & Construction
Established in 1970, IMCO started as a pioneer in the industrial electrical &
instrumentation fields, serving the oil and power sectors in Kuwait. Today, it
is one of the leading engineering and construction companies in the oil & gas,
petrochemical, power & water sectors. The company offers services in project
management, engineering, design, procurement, construction, maintenance, and
project support.

More information is available at www.imcokw.com

About IFS
IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies,
and implements IFS Applications™, a component-based extended ERP suite built on
SOA technology. IFS focuses on industries where any of four core processes are
strategic: Service & asset management, manufacturing, supply chain and projects.
The company has 2,000 customers and is present in approximately 60 countries
with 2,800 employees in total. Net revenue in 2011 was SKr 2.6 billion.

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

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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 June 29, 2012, at 11:30 a.m. CEST.