M&A Deal Summary

IFS Acquires MainIoT Software Oy

On March 1, 2016, IFS acquired software company MainIoT Software Oy from Solteq for 7M EUR

Acquisition Highlights
  • This is IFS’s 5th transaction in the Software sector.
  • This is IFS’s largest (disclosed) transaction.
  • This is IFS’s 1st transaction in Finland.

M&A Deal Summary
Date 2016-03-01
Target MainIoT Software Oy
Sector Software
Buyer(s) IFS
Sellers(s) Solteq
Deal Type Divestiture
Deal Value 7M EUR

Target

MainIoT Software Oy

Finland
MainIoT Software Oy is a developer of business software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM).

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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 5 of 19
Sector (Software) 5 of 14
Type (Divestiture) 2 of 2
Country (Finland) 1 of 1
Year (2016) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 VisionWaves BV

Zeist, Netherlands

VisionWaves is a provider of operational intelligence software that helps customers accelerate their strategy realization and boost business performance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-13 Mxi Technologies

Ottawa, Ontario, Canada

Mxi Technologies Ltd. is a provider of software solutions that address the business, operational and technical challenges of maintaining aviation assets throughout their operating lifecycle. The company’s main software platform is called Maintenix, which manages the engineering, planning, execution, materials management and maintenance-related business support and analytic activities of aviation organizations.

Buy -

Seller(S) 1

SELLER

Solteq

Vantaa, Finland
Category Company
Founded 1982
Sector Software
Employees469
Revenue 58M EUR (2023)
DESCRIPTION

Solteq is a provider of software solutions to logistics industry. Solteq was founded in 1982 and is based in Vantaa, Finland.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 1
Type (Divestiture) 1 of 2
Country (Finland) 1 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-22 Descom Group Oy

Jyväskylä, Finland

Descom Group Oy is a provider of IT and digital marketing services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-25 Aponsa AB

Stockholm, Sweden

Aponsa AB is a provider of IT services to retail sector.

Buy €1M
Mergr

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