IFS, the enterprise-software group founded in Linköping, Sweden, in 1983 and now headquartered in London, sells and implements its ERP, asset-management and field-service software in Portugal through IFS Applications Ibérica, Sucursal em Portugal (NIF 980555833), based at Torres de Lisboa. Its Portuguese customers include coatings group CIN, biscuit maker DanCake and, since January 2026, refrigeration manufacturer FRICON.
IFS was founded in 1983 as Industrial & Financial Systems by a group of Linköping University students, and its first product was a maintenance system for Swedish nuclear power plants. The group, now privately owned by EQT, Hg and TA Associates and run from London, reported revenue of about €1.7 billion for 2025. In Portugal it trades through a branch of its Spanish company: Racius lists IFS Applications Ibérica, Sucursal em Portugal (NIF 980555833) as a permanent representation at Torre G of the Torres de Lisboa complex. Its registered activity is selling, developing and implementing its own ERP software. A NIF starting with 980 means a foreign entity registered in Portugal.
IFS has announced three Portuguese customer projects. In June 2016, DanCake Portugal, a butter-cookie producer, chose IFS Applications 9 as its central ERP for about 200 users at several manufacturing units. In April 2018, CIN, the Portuguese coatings group, selected IFS Applications to support its international expansion. In January 2026, FRICON, a Portuguese refrigeration-equipment maker that sells in more than 130 countries, replaced its legacy systems with IFS Cloud. The FRICON project covers manufacturing, supply chain, finance, procurement, project, service, asset and HR management, and CRM, and channel partner Timestamp is implementing it. FRICON has about 300 staff and more than €36 million in sales in Portugal.
IFS is a Swedish software company that sells directly to Portugal’s industrial base: coatings, food and refrigeration manufacturers that export from northern and central Portugal. IFS’s Iberian commercial director called the FRICON contract a strategic milestone for the company in the Iberian market, which suggests IFS is building its position in Portuguese manufacturing rather than serving only multinational subsidiaries.
On 22 January 2026, Executive Digest reported that FRICON was moving to IFS Cloud. The article quoted FRICON operations director Luís Ferreira and IFS commercial director for Spain and Portugal Fazio Flotta.
Sources: Racius and nif.pt (NIF 980555833); Wikipedia (founding, HQ, revenue, owners); Executive Digest, 22 January 2026 (FRICON); IFS via Cision, 10 April 2018 (CIN); IFS via Cision, 20 June 2016 (DanCake). Fetched 8–9 November 2026.
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