IFS to acquire MultiPlus Solutions project ERP firm for cash

IFS CEO Alastair Sorbie says that his organisation has signed an agreement with Qurius International Holding to purchase 100% of MultiPlus shares for cash. MultiPlus, which has sites in China and Denmark, focuses on the marine, offshore, EPCI (engineering, procurement, construction, and installation) and project manufacturing industries. It has about 100 user companies across Norway, Denmark, France, the US and China, and Sorbie says that IFS will continue to support, maintain and enhance the product, while also "realising economy of scale and synergies related to having similar industry and solution competencies". Says Sorbie: "With the acquisition of Multiplus Solutions, IFS can be seen to be executing on its stated strategy for growth and doing so by growing in one of its primary target sectors. "The industries served by project- based solutions is a market in which MultiPlus Solutions is a well respected supplier and where IFS seeks to achieve a market-leading position," he adds. IFS Scandinavia managing director Glenn Arnesen comments: "We look forward to including companies such as Ulstein Verft, Color Line, The Frank Mohn group, Elko, Sinopacific Shipbuilding Group, Mustad and UMOE Schat-Harding in our customer base."