IFS Acquires Mxi Technologies Ltd

IFS, the global enterprise applications company, has signed an agreement with the owners of Mxi Technologies Ltd (“Mxi”) to acquire the company.

Mxi is a leading provider of integrated and intelligent maintenance management software solutions for the global aviation industry.  Mxi serves defense and commercial operators, third-party Maintenance, Repair and Overhaul (MRO) companies, and Original Equipment Manufacturers (OEMs) with software, support and services.  Headquartered in Ottawa, Canada, Mxi is a global organization with more than 265 employees.

Mxi’s Maintenix software suite is designed to help aviation organizations maximize the revenue potential of their aviation assets through standard, lean, and predictive maintenance.  Mxi’s global footprint of customers ranges from emerging and mid-sized organizations to the largest global aviation enterprises, many of whom have multi-site deployments that scale to several thousand users.  The company’s blue chip customer base includes: Southwest Airlines, Air France, KLM, Qantas, China Airlines, LATAM, Icelandair, NetJets, Boeing, BAE Systems, Saab, Pratt & Whitney, and several of the world’s air forces.

The acquisition is expected to close during the first quarter of 2017.

Dick Slansky, ARC Advisory Group, commented, "The acquisition of Mxi by IFS appears to round out the IFS portfolio for A&D MRO quite nicely. With both companies being leaders in this space, the combined solution set should be able serve all major areas of A&D MRO: airframe, line, component, and engine maintenance. Additionally, IFS brings their ERP and manufacturing solutions to the mix. This acquisition represents an all-around win, for IFS, Mxi, and their respective customers."

Keywords: Intelligent Maintenance Management, Aviation Industry, Predictive Maintenance, ARC Advisory Group.