10 September, 2012

IFS extends global agreement with Saab AB

IFS, the global enterprise applications company, announces that it has entered into a new and expanded agreement with Saab, the global aerospace and defense company. The agreement will serve as a platform to secure Saab’s global growth and includes additional licenses for IFS Applications.

Saab has been an IFS customer since 1994 and has since worked in close collaboration with IFS to expand and refine the company’s business solution. In 2009, Saab signed a corporate agreement with IFS regarding implementation of IFS Applications across the entire group.

The new agreement represents an expansion of the existing business relationship and will enable global growth and standardization of Saab’s worldwide operations. In line with IFS’s strategy to grow its partner ecosystem, and to ensure scalable growth, the companies have also entered into an extended collaboration with a global systems integrator (SI).

“With this agreement, we are staking out our future path with IFS Applications,” Saab CIO Mats Hultin said. “For a global company such as Saab, it is important to have a business software provider that can deliver first-class industry solutions and services anywhere in the world. As we gear up for global growth, this agreement ensures us an agile business system backed by a flexible, worldwide organization.”

“We are pleased to announce the next chapter in our long-standing business relationship with Saab,” IFS Scandinavia CEO Glenn Arnesen said. “IFS’s strategy is to actively explore new ways of delivering services to large, global accounts. In this way, we are able to deliver packaged solutions that combine best-in-class functionality with global support and services in a flexible delivery model based on the needs of the customer. The agreement with Saab is additional proof that our strategy is successful and we look forward to a long and mutually beneficial collaboration.”

Aerospace and defense is one of IFS’s targeted market segments. IFS Applications™ provides market leading off-the-shelf component based solutions that support Performance Based Logistics (PBL), Contractor Logistics Support (CLS), and Fleet Operator programs; and solutions for Defense Manufacturing, Maintenance Repair and Overhaul (MRO), Asset & Fleet Management, Supply Chain Management and Product Lifecycle Management.

Customers include US Air Force Materiel Commands, British Navy and Army and the Norwegian Navy and Air Force; as well as the Eurofighter consortium—commercial MRO shops and service operators include Aero-Dienst GmbH, Alitalia Maintenance Systems, K&L Microwave, Hawker Pacific, Ensign Bickford and Todd Pacific Shipyards. In addition, IFS provides solutions to original equipment manufacturers (OEMs) such as General Dynamics, Lockheed Martin, BAE SYSTEMS, and GE Aircraft Engines.

About Saab

Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs. The company has around 12,500 employees world-wide and and annual sales amount of around Skr 25 billion.

For more information about Saab, please visit: www.saabgroup.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 September 10, 2012, at 5:00 p.m. CEST.

Contact Information

Vice President Corporate Communications Oliver Pilgerstorfer

Phone: +44 1494 428900

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Frédéric Guigues

Phone: +46 8 58 78 45 00

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