|INFORMATION: Free information is available from IBS on the subject in this story. Click here to request a copy|
IBS has acquired Iberian software company QUATRO Information Systems
(Quatro) as of July 2005. Quatro has 95 employees and 500 customers in
Portugal and Spain and specialises in the area of logistics and
warehouse management. The seller, Quatros Management, will continue to
work in the newly consolidated unit, IBS Iberia Group.
The acquisition increases IBS market share in Portugal and Spain and
creates a strong market presence in the region. The acquisition is part
of the IBS strategy to expand the customer base in selected industries
and provides additional channels for sales and implementation of IBS
software solutions in Iberia. During 2004, Quatro had net sales of EUR 9
m. After the acquisition, IBS Iberia will have a total of 250 employees
in Lisbon, Porto, Madrid and Barcelona with 850 customers.
The purchase price is based entirely on future results of the IBS Iberia
over the next four years and will be paid in cash. A positive effect on
IBS Group results of approximately EUR 0.4 m is expected during the
second half of 2005.
"The acquisition of Quatro is in line with our strategy to expand our
position in the area of supply chain management solutions and to add
sales and implementation resources in countries where we see an
attractive market potential. The acquisition gives us a strong base for
further expansion in Portugal and Spain in industries such as Pharma,
Publishing, Electrical, Food, Automotive and others where we can be an
international market leader," says Magnus Wastenson, CEO and President
"Quatro has a strong position in the market with many large customers
such as Alliance Unichem, Novartis, Hilti, Grundfos, Cockburns, Madeira
Wine, Danone, Ferrero Rocher and Honda. IBS and Quatro have similar
backgrounds regarding competence, market focus, customers and solutions.
The merger of the two companies means a significantly increased customer
base in attractive industry segments as well as increased resources to
expand and increase profitability in Portugal and Spain," says Richard
Marques, MD of IBS Iberia.
Rui Melo, MD of Quatro, comments on the acquisition: "Becoming part of
the IBS Group is positive for both Quatro customers and employees. IBS'
international presence, powerful software and technical solutions means
that we can offer a wider range of solutions to our customers and
provide even better customers service and local support".