IBS completes the sale of non core subsidiaries to Infor Press Release 2006-06-01 IBS has signed a final agreement with Infor, thus completing the previously announced transaction regarding the divestment of four of IBS´ European subsidiaries working with Infor’s software solutions. The divestment is a step in the development of IBS to focus operations on international supply chain management software solutions within selected vertical segments.
The final agreement with Infor covers the transfer of IBS subsidiaries in Denmark, France and Sweden working with Infor’s software applications. The agreement also covers parts of the IBS subsidiary GTM Consultatores in Spain. The number of employees involved in the transfer totals approximately 45. IBS will receive a cash payment of EUR 3 m resulting in a small capital gain for IBS. The transaction date is set to June 1.
For more information, please contact:
John Womack, VP Communications and IR, IBS AB Mobile: +46 (0)70 678 24 99 john.womack@ibs.net
Peter Hörwing, VP Global Sales & Marketing, IBS AB Mobile: +46 (0)705 59 36 60 peter.horwing@ibs.net
Per-Arne Sendren, Executive VP and CFO, IBS AB Mobile: +46 (0)70 627 23 60 per-arne.sendren@ibs.net
Infor: Richard Moore (UK & France) +44 (0) 1527 496200 richard.moore@infor.com
Tanja Hossfeld (EMEA) +49 (0) 89 800611-110 tanja.hossfeld@infor.com
Sylvia Baker Wunderkind Public Relations, U.S.
(678) 302-1951 sbaker@wunderkindpr.com
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 255 m. IBS' primary focus is large and mid-sized distributors as well as sales and manufacturing companies in international groups. http://www.ibs.net
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