LULEÅ, Sweden--(BUSINESS WIRE)--Regulatory News:
IFS (STO:IFSA) (STO:IFSB), the global enterprise applications company, announces that TOMRA Sorting, a leading provider of sensor-based sorting solutions and part of TOMRA Systems ASA, has decided to implement IFS Applications 8™as its cental enterprise resource planning (ERP) system. The contract includes licenses worth EUR 1.2 million as well as services.
TOMRA Sorting Solutions, headquartered in Asker, Norway, creates sensor-based technologies for sorting and process analysis within the recycling, mining, and food industries.
The company chose IFS Applications 8 to consolidate its business software environment and ensure full product lifecycle support. The IFS solution will help streamline business-critical processes such as finance, supply chain management, service management, project management, and CRM, and replace a number of legacy and standalone systems, such as Microsoft Dynamics NAV.
The IFS solution will help the company optimize its strong international growth and will be used by 500 employees working at ten sites in as many countries througout Europe. The agreement also marks a significant expansion of the TOMRA group’s IFS footprint, having selected IFS Applications for its Collection business area in 2007, for Tomra Manufacturing in 2010, and for its North American organization in 2012.
“We wanted a complete ERP solution that could standardize our multinational business processes, support our growth, and optimize our product lifecycle,” Tomra Systems ASA, CFO Espen Gundersen said. “We chose IFS Applications 8 because it best met these requirements. By consolidating our business on the IFS platform, we will also benefit from increased transparency between our different business areas.”
“We are pleased to welcome TOMRA Sorting to the IFS customer community and to strengthen our relationship with the TOMRA group,” IFS Scandinavia CEO Glenn Arnesen said. “As a company whose operations cover the entire product lifecycle—from design and production to delivery and service—we are confident that TOMRA Sorting will benefit from the broad capabilities of IFS Applications 8.”
The implementation will commence immediately.
About Tomra Sorting
TOMRA (www.tomra.com) was founded on an innovation in 1972 that began with design, manufacturing and sale of reverse vending machines (RVMs) for automated collection of used beverage containers. Today TOMRA has installations in over 80 markets worldwide and had total revenues of ~4.1 billion NOK in 2012. TOMRA has around 2,200 employees and is publicly listed on the Oslo Stock Exchange. The TOMRA Group continues to innovate and provide cutting-edge solutions for optimal resource productivity within two main business areas: Collection Solutions (reverse vending, material recovery and compaction) and Sorting Solutions (recycling, mining and food sorting).
IFS™ is a public company (XSTO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite. IFS focuses on industries where management of any of the following four core processes is strategic: service & asset, manufacturing, supply chain, and projects. The company has 2,100 customers and is present in approximately 60 countries with 2,800 employees in total. Net revenue in 2012 was SKr 2.7 billion.
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 25, 2013, at 11:30 a.m. CEST. IFS, Box 1545, SE-581 15 Linköping, Sweden – Phone: +46 13 460 40 00 – Fax: +46 13 460 40 01 Industrial and Financial Systems, IFS AB (publ) is a limited liability company registered in Linköping, Sweden. Corporate identity number: 556122-0996
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