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.

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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 March 1, 2016, at 08:01 CET.