IFS 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’s 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’.
Fredrik vom Hofe, Group Senior Vice President Business Development, said: “With the acquisition of MainIoT, IFS can be seen as executing on its stated strategy for growth. MainIoT is very well positioned within our focused high growth segments of Enterprise Asset & Service Management, and will both strengthen our offering and helps us consolidate the important Finnish market. In addition, IFS will be able to leverage on MainIoT’s capabilities within ”Industrial Internet of Things” – an area where we actively work on developing our offerings."
MainIoT was previously a wholly owned division of Solteq Oyj with employees based across two Finnish offices in Helsinki and Tampere.
Read the full news release on ifsworld.com.