Friday, July 03, 2009

Huf Hülsbeck & Fürst selects IFS Applications to consolidate global operations

IFS, the global enterprise applications company, today announces that Huf Hülsbeck & Fürst GmbH & Co. KG (Huf), a leading provider of mechanical and electronic components for car access, security, and immobilization for the automotive industry, will implement IFS Applications to consolidate and streamline its business processes worldwide. As part of the agreement, IFS will provide an integrated solution and additional consulting services with an expected total value of €4 million.

Huf selected IFS after carrying out a review of competitor solutions. The speed and ease of implementation of IFS Applications, the low total cost of ownership and the strategic partnership were key factors in Huf’s decision to select IFS. With operations in 13 countries worldwide, the company recognized the need for an agile and flexible enterprise solution to consolidate its business operations across the globe.

“We were impressed with IFS’ domain expertise and its understanding of our business which is crucial to the long-term relationship we are now embarking on. IFS demonstrated a strong commitment to helping us fulfill our business objectives both on a short term basis to show immediate impact and in the future,” said Thomas Grabowski, Executive Vice President at Huf.

IFS will provide Huf with an integrated solution to provide greater business insight into a number of locations across the enterprise including its finance, engineering, sales, distribution, manufacturing, and HR departments. These capabilities will enable Huf to deliver an end-to-end management system that consolidates multiple disparate databases onto one central platform for all organizations within the Huf Group, which comprises 19 companies worldwide.

Once the solution has been developed and implemented users will be able to access and share a single, accurate, and up-to-the-minute view of information to facilitate effective decision making and improve operational efficiency and time to market speeds.

“The automotive industry is changing rapidly and companies must be able to react and respond quickly to these challenging market conditions. With IFS Applications we can provide our employees with easy access to accurate, critical business information throughout the enterprise to better manage costs and performance,” commented Thomas Grabowski.

IFS AB President and CEO Alastair Sorbie said, “The automotive industry is under immense pressure and is operating under the toughest market conditions in decades. The businesses that take proactive steps to increase agility and drive cost and operational efficiencies will be better placed to succeed and grow as the market improves.”

About IFS

IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a fully-integrated, component-based extended ERP suite built on SOA technology. The company has more than 2,000 customers in more than 50 countries and focuses on seven main industries: aerospace & defense, utilities & telecom, manufacturing, process industries, automotive, retail & wholesale distribution, and construction contracting & service management. IFS has 2,700 employees and net revenue in 2008 was SKr 2.5 billion.The information is that which IFS is required to declare by the Securities Business Act and/or the Financial Instruments Trading Act. The information was submitted for publication on July 3, 2009, at 08:30 a.m. CET. The contract with Huf was signed in June.

Contact Information

Vice President, Corporate Communications Oliver Pilgerstorfer

Phone: 44 1494 428900

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