IFS extends agreement with Damen Shipyards Group

Issued by IFS
Johannesburg, 15 Jan 2013

IFS, the global enterprise applications company, announces that Dutch shipbuilder, Damen Group, has chosen to extend its agreement with IFS by purchasing additional user licences for IFS Applications.

Damen Shipyards, headquartered in Gorinchem, The Netherlands, implemented IFS Applications in 2010 to support business processes across its global organisation. By extending its use of IFS Applications, Damen Group is reinforcing its strategic, long-term partnership with IFS.

"We will deploy IFS globally for all Damen companies," said Marc de Thouars, Group IT Director of Damen Group. "This extension of our licence agreement will allow us to share resources between the various companies with one central database for parts and resources."

"The maritime sector is one of IFS' target industries. We offer an integrated, industry-specific solution for managing the entire project and asset life cycle, from engineering, procurement, materials management and management, to installation and commissioning," said Nico van Heuven, Managing Director, IFS Benelux. "IFS staff worldwide have extensive experience in this industry, which we have used to develop best-practice solutions in collaboration with our customers. Our focus and our global IFS network are the reasons that Damen chose IFS in the first place, and are also the reasons why it is extending its contract with us."

IFS

IFS is a public company (XSTO: 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 and 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 28 December 2012, at 9:30am CET.

Damen Shipyards Group

Damen is an international shipbuilding group with more than 6 000 employees in 35 countries. The company builds an average of 150 vessels per year. In addition, Damen carries out approximately 1 000 ship repairs annually. A key success factor for Damen is its proven method of modular design and build. This method is inextricably linked to the concept of standardisation of designs and components for tugs, workboats and other commercial vessels. This concept was introduced in 1969 by Damen and is the cornerstone of its international success. The Damen Shipyards Group consists of some 30 yards in The Netherlands and worldwide with a total turnover of around EUR1.4 billion in 2011. Clients include other contractors, oil companies, port authorities, towing companies, offshore companies and maritime service companies.

For more information, visit www.damen.nl.

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