Swedish software firm IFS buys Finnish firm, eyes more acquisitions
IFS said in a statement it expects a limited positive earnings impact from the acquisition in 2016.
Acquisitions have been part of IFS’ ambition to win market shares for several years and the Linkoping-based software firm has bought companies in seven of the past eight years.
IFS normally eyes companies with sales of around $5-50 million to add clients or products in its targeted sectors: Asset and service management — which was the case with MainIoT — project industries, complex manufacturing and supply chain management.
Private equity firm EQT, which became IFS’ biggest ownwer last year and has 87% of votes, wants IFS to focus more on acquisitions.