Burmeister Selects IFS to Support Future Growth.

SCHAUMBURG, Ill. -- IFS, the global enterprise application company, announced today that project-centric Burmeister & Wain Scandinavian Contractor (BWSC), a Danish power system contractor and operator, has selected IFS Applications to enable a modern IT platform and future growth. The contract includes software and consulting services totaling approximately $4.6 million.

BWSC undertakes the supply and construction of complete plants on a turnkey basis and provides operation and maintenance (O&M) services for the lifetime of the plant.

The business software components from IFS will standardize and support BWSC's processes within detailed engineering, management, procurement, document management, financial control, material management, human resources, and after sales. BWSC aims to implement a modern, comprehensive solution for its main processes within global sourcing of material and services in a project environment, with a goal to further increase efficiency and customer service.

BWSC undertook a thorough review of the major leading enterprise software vendors. In the final stage of the review process, IFS was chosen over competing ERP software systems.

"The growth of our business was placing increasing pressure on the existing legacy environment. IFS stood out as having the best functional fit for our business, with the ability to support our project-oriented business, both today and in the future. Moreover, the IFS representatives have proven to be skillful and competent in understanding our business, which is crucial to the long-term relationship we are now embarking on with IFS," BWSC CEO Sigurd Andersen said.

"IFS' offering to the contracting industry is a standard industry solution for EPC (Engineering, Procurement, Construction) contractors that consist of both detailed engineering and ERP in a modern suite. The industry solution also includes solutions for subcontracting and service, which is a real advantage in this kind of industry. We are very pleased to have recently signed two large deals in Denmark; this contract with BWSC and another with Dyrup a few weeks ago," IFS Scandinavia Managing Director Glenn Arnesen said.

The standard EPC solution supports business processes within engineering, contract & project management, procurement, subcontracting, document

management, finance, material planning, fabrication, shipment, human resources, and after sales service. The solution also contains tools that interface with CAD applications and standard integrations with planning systems.

IFS targets the Construction, Contracting and Service Industries, with more than 300 project-centric customers. Contracting customers include Doosan Babcock, Babcock Rail, Rotary Engineering, Plaenge, ShawCore Inc, Dresser-Rand, Yantai Raffles, Aker Yards, Advanced Production & Loading (APL), Rosenberg Verft, Hamworthy Gas Systems, Heerema Group and Shedden Uhde.

About BWSC

Burmeister & Wain Scandinavian Contractor (BWSC) is a world-leading turnkey contractor and operator of medium and large diesel engine based power systems. Furthermore, BWSC is involved in projects for selected renewables and waste-to-energy technologies. The company's experience and expertise ranges from every aspect of plant design to rehabilitation, operation, maintenance, and financing.

Within three decades, BWSC has supplied more than 154 diesel power plants to 48 countries, with a total generating capacity in excess of 2,300 MW. In addition to turnkey power plants, BWSC's product range includes transmission lines, distribution systems, generation services, and power plant rehabilitation. Furthermore, BWSC has entered into long-term technical support agreements (TSA) and O&M agreements covering a total plant capacity in excess of 1,500 MW. BWSC had 435 full-time employees in 2007.

About IFS

IFS is a public company (OMX STO:IFS) founded in 1983 that develops, supplies, and implements IFS Applications[TM], a fully-integrated, component-based extended ERP suite built on SOA technology. The company has more than 2,000 customers in 54 countries and focuses on seven main industries: aerospace & defense, utilities & telecom, manufacturing, process industries, automotive, retail & wholesale distribution, and construction contracting & service management. IFS has 2,600 employees and net revenue in 2007 was SKr 2.4 billion.

More information on IFS is available at www.IFSWORLD.com.

IFS Applications is a trademark of Industrial and Financial Systems, IFS AB (publ). All other referenced company or product names are trademarks or registered trademarks of their respective owners.