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New Deal


Announced

Completed

IFS completed the acquisition of Clevest.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

technology services

Cross Border

Completed

computer programming services

United Kingdom

Acquisition

Friendly

IT Services: Other

Majority

Single Bidder

Synopsis

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IFS, which develops and delivers enterprise software for customers around the world, completed the acquisition of Clevest Solutions, the provider of mobile workforce management and advanced network deployment solutions. Financial terms were not disclosed. "Clevest demonstrates a clear commitment to delivering value for its customers in a key industry vertical for us. Clevest is already leveraging technology that brings unique business value to its customers, including Smart Metering, Smart Networks, Mobile Workforce Management and additional capabilities around optimization of scheduling dispatch-all with the ability to digitize core processes across the use cases that matter most to utilities," Darren Roos, IFS CEO.

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