IBS completes the sale of non core subsidiaries to Infor

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