STOCKHOLM, Sweden, May 4, 2004 (PRIMEZONE) -- IBS has signed a Letter of Intent regarding acquisition of a business in the US with some 35 employees, operating with sales and implementation of business software solutions for supply chain management.
The acquisition is planned to be finalised during May 2004. The closing of the transaction is subject to the satisfactory completion of IBS' due diligence review and other negotiations and agreements in transactions of this type.
-- This is an interesting acquisition which offers us complementary geographic and expanded market coverage in the growing US market, says Magnus Wastenson, CEO and President of IBS.
IBS' acquisition strategy is to strengthen the company's market position through the acquisition of companies with complementary business and competence.
About IBS
IBS AB, (XSSE: IBS B) International Business Systems, is a leading provider of business software for supply chain management, business intelligence, financial control, and demand-driven manufacturing. IBS' primary focus is mid-sized and large wholesale distributors as well as sales and manufacturing companies in international groups, especially in pharmaceuticals, electronic parts and equipment, automotive parts and supplies, machinery, industrial supplies and consumer durables. For more information about IBS, visit www.ibs.net.
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