IFS has closed its acquisition of Mxi Technologies Ltd, a Canadian provider of maintenance software for the global aviation industry. No financial terms were released for the deal, which was announced in December. It provided an exit to Moelis Capital Partners, a U.S. private equity firm that acquired Ottawa’s Mxi in May 2012. Moelis currently co-manages a private equity capital pool with NexPhase Capital. Linköping, Sweden-based IFS, an enterprise applications company, is backed by European private equity firm EQT.
IFS Completes the Acquisition of Mxi Technologies Ltd
Wednesday, January 18, 2017
IFS, the global enterprise applications company, today announced the completion of its previously communicated acquisition of Mxi Technologies Ltd (“Mxi”).
Mxi has established itself as the leading provider of integrated and intelligent maintenance management software solutions for the global aviation industry. Used bydefense and commercial operators, third-party Maintenance, Repair and Overhaul (MRO) companies, and Original Equipment Manufacturers (OEMs), Mxi’s software, support and services will continue to be offered as a best-of-breed solution, as well as integrated into IFS Applications as an enterprise-wide end-to-end maintenance solution.
Alastair Sorbie, IFS President & CEO, said, “We are pleased to now have concluded the acquisition of Mxi. IFS, in combination with Mxi, solidifies itself as a world leading provider of aviation maintenance software solutions to defense and commercial aviation operators, MROs, and OEMs. We now look forward to working together with the team from Mxi to deliver true business value to our global customers in the Aviation and Defense industry.”
IFS™ is a globally recognized leader in developing and delivering enterprise software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM). Founded in 1983, IFS brings customers in targeted sectors closer to their business, and helps them be more agile and prepare for what’s next in their industry. IFS’s 2,800 employees support more than 1 million users worldwide from its network of local offices and through a growing ecosystem of partners. For more information visit: IFSworld.com.
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About Mxi Technologies
Headquartered in Ottawa, Canada with U.S. headquarters in Dallas, TX, Mxi Technologies is a leading provider of integrated and intelligent maintenance management software, support, and services catering specifically to the global aviation industry, including commercial and defense operators, third-party MROs, and OEM aftermarket service providers. Mxi Technologies’ suite of Maintenix software is uniquely designed to help aviation organizations maximize the revenue potential of their aviation assets through standard, lean, and predictable maintenance. Mxi’s global footprint of customers range from emerging, small to midsized organizations to the largest global enterprises, with single to multi-site deployments that scale as high as 6,000 users in a single instance. For more information visit: mxi.com.
Photo courtesy of IFS