IFS Acquires Mxi Technologies
IFS has increased its MRO footprint by acquiring Canadian maintenance software specialist Mxi Technologies.
Ottawa-headquartered Mxi provides maintenance management solutions for the commercial and defence aviation segments through its Maintenex offering.
Its commercial customer base includes both airline maintenance divisions and OEMs such as Southwest Airlines, Air France, KLM, China Airlines, Boeing, BAE Systems and Pratt & Whitney.
No financial details were released for the acquisition, which is expected to close during the first quarter of 2017.
Alastair Sorbie, IFS president and CEO, said the acquisition of Mxi would make IFS a world leading provider of aviation maintenance software solutions for airlines, MROs and OEMs and it will continue to invest as part of its growth strategy.
“We will continue to invest in and market both the Maintenix and IFS Applications solutions for customers who want a point solution, but we also believe that an end-to-end integrated solution will be attractive to many companies in the sector,” Sorbie added.