The Commission for the Protection of Competition received a notification of a proposed concentration, concerning the acquisition of the share capital of Marathon Acquisition, Inc. by IFS Americas, Inc.
IFS Americas, Inc. is a company duly registered under the laws of Delaware of United States of America. The company is a subsidiary of Industrial and Financial Systems, IFS AB, which is a portfolio company of EQT VII fund. IFS Americas, Inc. develops and provides business software in 3 main categories: (i) enterprise resource planning «ERP», (ii) enterprise asset management «EAM» and (iii) enterprise service management «ESM».
Marathon Acquisition, Inc. is a company duly registered under the laws of Delaware of United States of America and it is a holding company for WorkWave LLC. WorkWave LLC provides intuitive cloud-based Field Service Management solutions and marketing solutions which help organizations with a mobile workforce to attribute easily and automate their sales and marketing activities, improve back office efficiency and increase their visibility in field operations through a single, easy-to-use environment.
WorkWave LLC provides office management software and field force automation, subscriptions and related services, mainly in the sectors of pest control, heating, ventilation and airconditioning “HVAC”, plumbing, landscaping, cleaning and logistic industries. In addition, WorkWave, LLC provides hardware for sale and use with its software and also provides other services which include design services and lead generation for its customers.