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IFS and Acumatica to form global cloud ERP powerhouse under EQT ownership

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London, UK, and Bellevue, WA, June 19, 2019 — EQT Partners, a leading investment firm with $45B (€40B) of assets under management, has announced the signing of a definitive agreement to acquire cloud-native enterprise software provider Acumatica through an investment vehicle owned by the same holding company that holds IFS AB (Industrial and Financial Systems).

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