STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
IFS (http://www.ifsworld.com/), the global enterprise applications company, announces that world-leading paint manufacturer Jotun (http://www.jotun.com/) has decided to expand its use of IFS Applications™ (http://www.ifsworld.com/en/solutions/ifs-applications/) to additional sites in Europe, Asia, and the Americas. The agreement includes licenses worth approximately NOK 19 million.
With 69 companies, 36 production facilities, and a presence in more than 90 countries, Norway-based Jotun supplies paints and coatings that protect and decorate surfaces in the residential, shipping, and industrial markets. Since 2003, Jotun has expanded its use of IFS Applications to support business-critical processes such as manufacturing, financials, procurement, and supply chain to more than 20 countries worldwide.
To support its ambitious growth targets and to maximize process efficiency and transparency, Jotun has decided to extend its central IFS ERP solution to include an additional 2,000 users.
“After many years of working together with IFS, we are preparing for further growth, also in new countries around the world,” Jotun CEO Morten Fon said. “To achieve this in the most efficient way possible, we need an agile and reliable business system that can offer us a central platform and a unified way of working. We are convinced that IFS Applications will help us reach this goal.”
“We are very excited to be able to support Jotun’s future expansion as a leading manufacturer in the paint industry,” IFS Scandinavia CEO Glenn Arnesen said. “We believe that IFS Applications is uniquely positioned to offer broad ERP capabilities through a central, global solution and look forward to continuing our long and mutually beneficial collaboration.”
The Jotun Group is a matrix organisation divided into seven regions responsible for the sale of Decorative Paints and Performance Coatings (Marine, Protective and Powder Coatings). The company has 36 production facilities in 21 countries, 69 companies in 44 countries and is represented in over 90 countries around the world. For more information, visit: www.jotun.com.
IFS (http://www.ifsworld.com/en/)™ is a globally recognized leader in developing and delivering business software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM). IFS brings customers in targeted sectors closer to their business, helps them be more agile and enables them to profit from change. IFS is a public company (XSTO: IFS) that was founded in 1983 and currently has over 2,600 employees. IFS supports more than 2,200 customers worldwide from local offices and through partners in more than 60 countries. For more information visit: www.ifsworld.com.
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IFS discloses the information provided herein pursuant to the Financial Instruments Trading Act (1991:980) and/or the Securities Markets Act (2007:528). The information was submitted for publication on June 2, 2014 at 9 a.m. (CEST).
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