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New Deal


Announced

IFS to acquire Poka.

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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Online and Social Platforms

mobile app

Canada

Cross Border

Acquisition

Majority

Private

Pending

Friendly

Single Bidder

Synopsis

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IFS, a developer of cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations, agreed to acquire Poka, a connected worker platform built specifically for manufacturers. Financial terms were not disclosed. “We are incredibly proud of the best-in-class platform we’ve built and our pioneering leadership in the Connected Worker space. Becoming part of IFS will enable us to further innovate and extend the value we create for manufacturers. As the global workforce crisis deepens, more companies are looking to scale their digital factory projects across the enterprise. With the help of IFS’s global presence and industry experience, Poka will be better equipped to deliver on its mission at scale," Alexandre Leclerc, Poka CEO.

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