The sale of IBS Public Services Ltd was conditional upon admission to listing and trading on the London Stock Exchange under the name of IBS Opensystems plc on 23 March, which has now taken place. IBS has, in addition to the cash consideration, received warrants to subscribe for 3 percent of the issued ordinary share capital of IBS Opensystems plc.
The sale is a significant step in the strategic development of IBS to focus operations on core business areas. With a substantially strengthened balance sheet, as a result of the sale, IBS can accelerate its strategic measures to focus on supply chain management for selected vertical markets.
For further information, please contact:
Magnus Wastenson, CEO of IBS AB
Telephone: +46 (0)8 627 2515 Mobile: +46 (0)70 627 2515
magnus.wastenson@ibs.net
John Womack, Director Corporate Communications, IBS AB
Telephone: +46 8 627 2499 Mobile: +46 (0)70 678 2499
john.womack@ibs.net
Per-Arne Sendrén, CFO of IBS AB
Telephone. +46 (0)8 627 2360 Mobile: +46 (0)70 627 2360
per-arne.sendren@ibs.net
IBS, (XSSE: IBS B) is a world leading provider of supply chain management solutions for distribution, demand-driven manufacturing, financials and business intelligence with group revenue of EUR 256 m. IBS' primary focus is large and mid-sized wholesale distributors as well as sales and manufacturing companies in international groups. For more information, please visit www.ibs.net
