IFS
Manager
Fund |
Fund manager
Co-invested company
sector
Technology / Software
regional split
Europe
vintage
status
Portfolio
category
A must
HG Capital Saturn 3
HG 3
Hg

IFS

Co-invested company
Software platforms and artificial intelligence serving the world's largest industries.
IFS is a Swedish giant in the enterprise software industry. Specializing in complex industrial sectors such as aerospace, energy, and construction, its cloud platform incorporates cutting-edge artificial intelligence to enable large companies to manage all their operations, from the supply chain to infrastructure maintenance.
Unsplash photo of a computer representing IFS, from the portfolio Fund manager private equity Fund manager  HG

IFS key figures

15 €bn
valuation in 2025
+ 500
corporate customers
4000
people
90
countries where its platform is used
Data as at
29/7/26
*Source: Public data from companies’ websites and social media accounts. For more up-to-date information, we invite our investors to view the report made available on their space.

The fpci The Altaroc Odyssey private equity fund is no longer accepting new investments.

About IFS

Managing the operations of an airline, an automaker, or an energy producer requires absolute precision. These heavy industries must monitor the status of thousands of complex machines, anticipate critical breakdowns, and coordinate global supply chains. IFS was founded in 1983 in Sweden to develop IT solutions capable of addressing these immense operational challenges.

The company has developed a unique cloud platform that combines enterprise resource planning (ERP) and enterprise asset management (EAM). Rather than offering a generic tool, IFS integrates artificial intelligence specifically trained for industrial environments. This system is capable of analyzing millions of data points in real time to automatically schedule repairs for a wind turbine before it fails, or to optimize the routes of tens of thousands of field technicians. Adopting this technology enables IFS customers to significantly increase their productivity and reduce their maintenance costs.

This ultra-specialized positioning has transformed the European company into a highly profitable global leader. Driven by a highly resilient business model in which the vast majority of its revenue comes from recurring subscriptions, IFS has established itself as a leading financial asset. Backed by a powerful consortium of global private equity firms (including EQT, Hg TA Associates), the company reached the historic milestone of a 15 billion euro valuation in early 2025, confirming its role as the digital backbone for the global economy’s critical infrastructure.

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