News | January 31, 2003

Orscheln Products Signs $1 Million Contract for IFS Business Soft ware and Services

IFS announced today that Orscheln Products LLC, a manufacturer of parking brake cables and other controls for trucks and off-road vehicles, has signed a $1 million contract for IFS business software and services. The Moberly, Mo.-based company will implement IFS applications for manufacturing, distribution, engineering, financials, human resources, business performance, document management, and business modeling.

"IFS Applications(TM) is a fully integrated business solution that will allow us to centralize all our administrative functions, including accounting, order management, engineering, purchasing, and manufacturing," said Barb Westhues, senior vice president and controller of Orscheln Products. "The IFS software will also make it easier and less costly to support the constant business-process and technical changes required by our automotive customer base."

"With a comprehensive offering of 60 web-based components that offer rapid ROI, IFS is the ideal solution for Tier 1 automotive suppliers such as Orscheln Products," said Terje Vangbo, IFS North America president. "IFS offers a complete business solution that helps companies increase profits by minimizing lead times, administration costs, and inventory."

About Orscheln Products LLC

Based in Moberly, Mo., Orscheln Products LLC is a leading supplier of parking brake systems, cables, tilt-cab locks, and other products for trucks and off-road vehicles. Target customer groups include the heavy truck, aviation, marine, military, and recreational-vehicle industries.

Orscheln Products is one of the companies in the Orscheln Group, a group of privately owned companies that manufacture parts for the OEM automotive and off-highway industries, retail agriculture and hardware sales, real estate development, and other industries.

The group has major investments in 12 companies, partnerships, and joint ventures. It employs nearly 2,700 people in 8 manufacturing facilities and 104 retail outlets in the United States, with additional locations in Canada, Australia, and Europe. More information is available at www.orscheln.com.

About IFS and IFS Applications(TM)

IFS develops and supplies component-based business applications for medium and large enterprises. IFS Applications, which is based on web and portal technology, offers more than 60 enterprise application components used in manufacturing, supply chain management, customer relationship management, financials, engineering, maintenance, and human resource administration. IFS provides customers step-by-step evolution to the extended enterprise with e-business solutions that offer partner, customer, and supplier collaboration.

A leading global business applications supplier, IFS has more than 3,150 employees, with sales in 47 countries. The company is listed on the Stockholm Stock Exchange (XSSE:IFS). More information is available at http://www.ifsna.com.