On February 14, Industrial & Financial Systems (IFS AB) announced an increase in net revenue for 1999 to Swedish Kroner (SEK) 1,948 M compared to SEK 1,238 M in 1998, an increase of 57% compared with the previous year.
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USA during the year through the acquisition of the US Manufacturing Execution Systems (MES) vendor, EMS, Inc. During the last quarter, 12 new contracts were signed, and net revenue in the USA for the fourth quarter rose by 283%. Bengt Nilsson commented: Integration of EMS has gone well. IFS is now well positioned in the USA, which represents 40% of the world market. In the coming years, US operations will significantly increase their share of the Group's overall net revenue. In November, IFS started