Friday, June 29, 2012

IMCO Engineering & Construction selects IFS Applications

IFS, the global enterprise applications company, announces that IMCO, the Kuwaiti EPC company, has chosen to implement IFS Applications to streamline business-critical processes such as project and contract management. The contracts include licenses and services worth approximately USD 1.7 million.

IMCO Engineering & Construction, based in Kuwait and Qatar, offers Engineering and Construction Services throughout the Middle East. The company is active in industries such as oil and gas; power generation, transmission, and distribution; as well as water and wastewater infrastructure.

In order to streamline and manage its project-oriented, multi-country operations, IMCO has decided to implement IFS Applications to ensure a fully-integrated ERP system complete with extensive project and contract management functionality as well as HR and local payroll capabilities.

“We are very pleased to receive such a prestigious contract,” said Ian Fleming, Managing Director, IFS Middle East, Africa and South Asia. “EPCI and oil & gas are industries that we prioritize and in which we have a number of renowned customers. Our solution fully supports these project-oriented sectors and IMCO’s choice further confirms our leading position in these markets.”

About IMCO Engineering & Construction

Established in 1970, IMCO started as a pioneer in the industrial electrical & instrumentation fields, serving the oil and power sectors in Kuwait. Today, it is one of the leading engineering and construction companies in the oil & gas, petrochemical, power & water sectors. The company offers services in project management, engineering, design, procurement, construction, maintenance, and project support.

More information is available at www.imcokw.com

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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IFS discloses the information herein pursuant to the Financial Instruments Act (1991:980) and/or the Securities Markets Act (2007:528). The information was submitted for publication on June 29, 2012, at 11:30 a.m. CEST.

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