Tuesday, June 12, 2012

Bangladesh's leading automobile company selects IFS Applications

Rangs Limited—the leading automobile import and distribution company in Bangladesh—signs contract with IFS, the global enterprise applications company, to implement IFS Applications across its main areas of operation: unit sales, spare parts and service processes.

Rangs is the premier importer of Mitsubishi, Mercedes Benz and JMC branded vehicles in Bangladesh. In order to support its aggressive business expansion plans and meet customer demand, the company decided to invest in a full-suite ERP solution with a proven track record in the automotive industry.

After an intensive evaluation process, including all top ERP vendors and products, the company selected IFS Applications.

“The key factors for choosing IFS were their implementation and support services.” Mr. Mostafizur R. Bhuiyan, Deputy Managing Director of Rangs Limited said. “The experience and expertise displayed by the IFS team during the evaluation process also contributed to our choice. IFS has excellent references and a solid track record in our region, which also helped to swing the decision in favor of IFS. Our main objective is to increase efficiency while offering value to our loyal customers.”

“We are very pleased to welcome Rangs Limited to the IFS community.” IFS South Asia Sales & Marketing Director Shiraz Lye said. “Prior to their selection, Rangs did a thorough evaluation process, giving IFS a chance to showcase our extensive product suite and our many reference customers. We are confident that Rangs will benefit greatly from our best-practice industry solution and that this agreement marks the beginning of a long and fruitful cooperation between our two companies.”

IFS Applications has been implemented at more than 250 automotive customers in over 40 countries around the world. IFS works extensively with leading brands such as Volvo, BMW, Scania, Linamar, Borgstena, HUF Hülsbeck & Fürst, and Toyota. IFS is well-known for providing component-based solutions that are agile and easy to use and have the ability to quickly adapt, enabling companies to take advantage of the opportunities generated by rapid changes in the market.

About Rangs

Rangs Limited is the premier automobile company in Bangladesh. It was incorporated in 1979 as the flagship company of RANGS Group. In 1980, RANGS Limited was awarded with the sole distributorship of the famous Mitsubishi Motors Corporations. Almost all categories of automobiles manufactured and sold by Mitsubishi Motors are handled by RANGS Limited, along with genuine spare parts. RANGS Limited has been continuously appreciated by Mitsubishi Motors for its outstanding performance & growth. It is now the leader in selling brand new automobiles.

About IFS

IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on industries where any of four core processes are strategic: Service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in approximately 60 countries with 2,800 employees in total. Net revenue in 2011 was SKr 2.6 billion.

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Contact Information

Vice President Corporate Communications Oliver Pilgerstorfer

Phone: +44 1494 428900

Contact Oliver Pilgerstorfer

Head of IR Frédéric Guigues

Phone: +46 8 58 78 45 00

Contact Frédéric Guigues