Bentley Acquires CAD Applications From IFS for Plant Engineering
Houston - daratechPLANT2005 - January 24, 2005 - Bentley Systems, Incorporated today announced that it has acquired AutoCAD-based applications for process, electrical, piping, and instrumentation design from IFS, a leading global business applications supplier with headquarters in Linköping, Sweden. As part of the agreement, Bentley will provide maintenance and support services for more than 100 firms, located primarily in Sweden and Norway, using IFS' CAD applications. The company will establish a dedicated team in Göteborg, Sweden, headed by Bo Ottosson (formerly of IFS).
The agreement extends Bentley's presence in Scandinavia, where existing Bentley users include, among others, the Swedish National Rail Administration. At the same time, it gives IFS an opportunity to explore new markets. As Michael Hallén, CEO of IFS, said, "This agreement with Bentley is a further step in our strategy of partnering with leading companies in the marketplace. We look forward to collaborating with Bentley worldwide to grow the market for our software in asset-intensive industries."
The users of IFS' CAD applications are largely owner-operators in the power generation and pulp and paper industries. The products are integrated with IFS Applications, a suite of business solutions that are used in these industries mainly for asset maintenance and spare parts logistics. Bentley shares with these users the goal of managing all phases of the plant lifecycle, and will offer them a planned migration from IFS' CAD applications to Bentley AutoPLANT - a solution that will let them retain tight integration with IFS Applications.
"The agreement with IFS expands our solutions in Scandinavia and provides an opportunity to collaborate on selling lifecycle solutions to asset-intensive companies worldwide," said Jeff Hollings, senior vice president, Bentley Plant. "By offering a planned migration from IFS CAD to AutoPLANT, we are showing long-term commitment to IFS users in the power generation and pulp and paper industries."
About IFS Applications and IFS
IFS Applications offers more than 60 enterprise application components used in manufacturing, supply chain management, customer relationship management, service provision, financials, product development, maintenance, and human resource administration. IFS is a leading global business applications supplier with sales in 45 countries and more than 350,000 users worldwide.
Bentley Systems, Incorporated provides software for the lifecycle of the world's infrastructure. The company's comprehensive portfolio for the building, plant, civil, and geospatial vertical markets spans architecture, engineering, construction (AEC) and operations. With 2004 revenues exceeding $300 million, Bentley is the leading provider of AEC software to the Engineering News-Record Design 500 and major owner-operators.
