IFS Achieves €15 Billion Valuation Amid Rising Industrial AI Demand

IFS has achieved a valuation exceeding €15 billion, driven by a significant increase in demand for its industrial AI solutions. This milestone comes as Hg increases its stake to become a co-control shareholder alongside EQT Ventures, while existing minority shareholder TA Associates remains invested. New investors in this transaction include a wholly-owned subsidiary of the Abu Dhabi Investment Authority and the Canada Pension Plan Investment Board, announced in a press release.

The valuation follows IFS's strong performance, having surpassed €1 billion in annual recurring revenue (ARR) with a growth rate of over 30% year-on-year. The company has expanded its customer base significantly, adding 350 new clients, including major corporations like Exelon, Rolls-Royce, and Total Energies. These companies have adopted IFS's solutions to enhance asset maintenance, service delivery, and global asset management.

IFS's focus on industrial AI, particularly its generative and agentic AI capabilities, has positioned it as a preferred technology provider in sectors such as Aerospace & Defense, Engineering & Construction, and Energy & Utilities. The transaction is subject to customary regulatory approvals and is expected to complete by the end of Q2 2025.