IFS to Acquire Copperleaf Technologies

Author photo: Chantal Polsonetti
ByChantal Polsonetti
Category:
Acquisition or Partnership

IFS announced it has entered into a definitive agreement to acquire Copperleaf Technologies Inc. Copperleaf offers AI-powered Advanced Decision Analytics Software for Asset-Intensive Industries.

Acquire Copperleaf Technologies

Over two trillion dollars of physical and digital assets around the world are managed using Copperleaf software, which provides data and insights to help customers optimize decisions on where and when to invest in their business. Copperleaf's global reach extends to some of the world's largest organizations in the electricity, natural gas, water, energy, pharmaceutical and transportation industries, where these customers utilize Copperleaf's software to optimize their investment decisions to realize the highest business value.

The combination of Copperleaf and IFS is seen as highly complementary. IFS is a global leader in enterprise software for Field Service Management (FSM), with strong positions within Enterprise Asset Management (EAM) and Enterprise Service Management (ESM).  Customers will have access to advanced Industrial AI-powered software to manage every element of the assets that are so crucial to their business – across their lifecycle – to drive efficiency and effectiveness in their operations.

The Consideration represents a premium of approximately 18% to the closing price of the Shares on the Toronto Stock Exchange on June 10, 2024, and a premium of approximately 66% to the 90–day volume weighted average trading price of the Shares on the TSX as of the same date.  Completion of the transaction is subject to customary conditions, including court approval, approval of the Copperleaf shareholders and regulatory approval under the Canadian Competition Act. Subject to the satisfaction of these and the other conditions to closing set out in the arrangement agreement, it is anticipated that the acquisition of Copperleaf will be completed in the third quarter of 2024.

Further information on ARC’s industrial Asset Performance Management practice is available here.

Engage with ARC Advisory Group

Representative End User Clients
Representative Automation Clients
Representative Software Clients