Representative End User Clients
Representative Automation Clients
Representative Software Clients
IFS, the global enterprise applications company, 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' 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'.
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).
IFS expects that there will be a limited positive earnings impact from the acquisition in 2016.
Ralph Rio, ARC Advisory Group, commented, "Master data management, among the various asset management and process control applications, has become critical for process optimization, reliability, and high performance. Asset information management, like MainIoT, has become a key need for the asset intensive industries."
Keywords: Enterprise Asset Management (EAM), Enterprise Service Management (ESM), Master Data Management, Enterprise Applications, ARC Advisory Group, Field Service Management (FSM)