IFS acquires MultiPlus Solutions

Posted on 8 Sep 2009 by The Manufacturer

IFS, the global enterprise applications company, announced that it has signed an agreement with Qurius International Holding B.V. to purchase 100% of the shares of MultiPlus Solutions AS.

The purchase price will be paid in cash, with the acquisition further strengthening IFS’ market position with respect to project-based solutions (PBS) for targeted industry sectors. The transaction is expected to be completed within four weeks, subject to the completion of regulatory and other formalities.

MultiPlus Solutions, based in Sandefjord, Norway, and with sites in China and Denmark, is a wellestablished vendor of project-based business applications to the marine, EPCI (Engineering, Procurement, Construction, and Installation), and project manufacturing industries. The company offers a complete ERP suite, including functionality for areas such as: finance; project control; maintenance; manufacturing; document management; and human resource management.

Said Alastair Sorbie, CEO, IFS: “With the acquisition of Multiplus Solutions IFS can be seen to be executing on its stated strategy for growth and doing so by growing in one of its primary target sectors.”

“The industries served by project-based solutions (PBS) is a market in which MultiPlus Solutions is a well respected supplier, and where IFS seeks to achieve a market-leading position with its excellent customers and deep industry knowledge.”