M&A Deal Summary

IFS Acquires IFS Energy & Resources

On November 1, 2022, IFS acquired software company IFS Energy & Resources from Advent International

Acquisition Highlights
  • This is IFS’s 12th transaction in the Software sector.
  • This is IFS’s 4th transaction in the United States.
  • This is IFS’s 1st transaction in Colorado.

M&A Deal Summary

Date 2022-11-01
Target IFS Energy & Resources
Sector Software
Buyer(s) IFS
Sellers(s) Advent International
Deal Type Add-on Acquisition

Target

IFS Energy & Resources

Denver, Colorado, United States
IFS Energy & Resources is an independent provider of software and data solutions exclusively serving the upstream oil and gas, mining, and resource industries. Professionals from more than 1,700 companies globally rely on IFS’s integrated oil and gas data, land, accounting, and production solutions to optimize their business processes and performance. IFS Energy and Resources possesses more than 90 years of experience in data and 30 years in software and has offices around the world. IFS Energy & Resources is based in Denver, Colorado.

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Buyer(S) 1

Buyer

IFS

Linköping, Sweden

Category Company
Founded 1983
Sector Software
Employees3,700
DESCRIPTION

IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers—at the Moment of Service. IFS was founded in 1983 and is based in Linköping, Sweden.


DEAL STATS #
Overall 15 of 19
Sector (Software) 12 of 14
Type (Add-on Acquisition) 13 of 17
State (Colorado) 1 of 1
Country (United States) 4 of 6
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-05 Ultimo

Nunspeet, Netherlands

Ultimo supplies the number one flexible Enterprise Asset Management cloud platform for midsized enterprises. The software is used by more than 2,000 customers globally in manufacturing, healthcare, logistics, infrastructure, and utilities. It offers customers in these sectors many advantages such as increased uptime, the management of costs, increased equipment lifespan, ease of adherence to laws and regulations, and the assurance of a safe working environment. Ultimo provides these advantages with an unparalleled return on investment due to fast implementation processes, seamless integrations, and self-service application management. Ultimo was formed in 1988 and is based in Nunspeet, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 Poka

Quebec, Quebec, Canada

Poka is a connected worker platform built specifically for manufacturers. Poka's mission is to provide a hub for operational knowledge in factories by empowering workers to learn, share and collaborate right from the production floor. Poka was founded in 2014 and is based in Quebec City.

Buy -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 210 of 222
Sector (Software) 8 of 9
Type (Add-on Acquisition) 78 of 82
State (Colorado) 3 of 3
Country (United States) 74 of 79
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-20 Wagas

Shanghai, China

Wagas is an independent western fast casual restaurant group in China. Wagas was founded in 1999 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-16 Maxar

Westminster, Colorado, United States

Maxar is a global communications and information company providing operational solutions to commercial and government organizations worldwide. Maxar business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development. Maxar was founded in 1969 and is based in Westminster, Colorado.

Buy $6.4B