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Canadian Automotive Supplier Selects IFS Business Software for 20+ Sites Worldwide

CHICAGO, June 7 -- Continuing its momentum in the automotive industry, IFS announced today that Linamar Corp., the second largest automotive supplier based in Canada, has signed a multi-million dollar contract for IFS Applications(TM) business software and services. Initially, Linamar will implement IFS' automotive solution at more than 20 manufacturing plants in Guelph, Ontario. Later, the company will extend the IFS system to new sites in Germany, China and Korea.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030320/IFSLOGO )

The IFS automotive solution that Linamar will deploy includes supply chain management, financials, maintenance, engineering, quality management, and workforce management applications. It also includes a fully integrated electronic data interchange (EDI) solution together with a bar coding and labeling solution from Bar Code Solutions, Troy, Michigan.

"IFS Applications will provide us with a state-of-the-art platform to manage our rapid growth worldwide," said Keith Wettlaufer, chief financial officer of Linamar Corp. "IFS' expertise in the automotive industry and their strong global presence were key factors in our decision to select an IFS solution."

"We look forward to partnering with Linamar as they expand into new markets throughout the world," said Cindy Jaudon, president of IFS North America. "IFS' expertise in the automotive industry, coupled with our partnering approach in implementations, ensures that Linamar will receive rapid payback on their software investment."

IFS has more than 200 automotive customers in more than 30 countries, delivering component-based solutions for dealer and supply chain to large vehicle manufacturers such as Daimler-Chrysler, Volvo Cars, Toyota, Land Rover, Scania, Volvo Trucks, Isuzu, and John Deere. IFS also provides full enterprise resource planning (ERP) solutions to a wide range of component, module, system, and engineering suppliers, including BMW pressing plants in the United Kingdom and Germany, along with the Nolato Group, Kautex, Calsonic Kansei, Prodrive, Leiber Group, and FEV.

These companies chose IFS based on the wide range of business complexity that the component-based solution can handle as well as its flexibility to handle new business requirements.

About Linamar Corp.

Based in Guelph, Ontario, Linamar Corp. designs, develops, and manufactures precision-machined components, modules, and systems for engine, transmission, and chassis systems, primarily for the North American and European automotive market place. The company's industrial division is a world leader in aerial lift platform products. The company has nearly 10,000 employees in 36 manufacturing locations, four research and development centers, and ten sales offices in Canada, the United States, Mexico, Germany, China, Hungary, and Japan. For more information, visit www.linamar.com.

About IFS and IFS Applications

IFS develops and supplies component-based business applications for medium and large enterprises and organizations. IFS Applications, which can be implemented step by step, is based on web and portal technology. The solution offers 60+ enterprise application components used in manufacturing, supply chain management, customer relationship management, service provision, financials, product development, maintenance and human resource administration. IFS offers customers an easier, more open alternative.

IFS is a leading global business applications supplier with sales in 45 countries and more than 350,000 users worldwide. The company is listed on the Stockholm Stock Exchange (XSSE: IFS).

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

   For additional information, contact:

   Chris Jensen, President, Jensen Market Relations
   Phone:     +1 714 847-7846
   Fax:       +1 714 847-4856
   E-mail:    chris@jensenmarket.com
   
   IFS' Web:  www.ifsworld.com
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