Hg, ADIA and CPP Investments to acquire a majority stake in IFS at €15bn valuation.

Private equity firms Hg, ADIA and CPP Investments, agreed to acquire a majority stake in IFS, a provider of cloud enterprise software and Industrial AI applications, at €15bn valuation. “IFS’s success and sustained growth is centred around a commitment and track record of rapidly delivering business value to our customers. We have a differentiated proposition that continues to drive momentum in the industrial setting, specifically with the agentic and generative capabilities of IFS.ai, which enables us to be the technology of choice for the businesses that service, power and protect our planet. The investment and continued commitment from Hg, EQT and TA will help IFS further accelerate our journey to be the undisputed category leader of Industrial Software," Mark Moffat, IFS CEO.