IFS completes acquisition of Copperleaf Technologies

Copperleaf Technologies announced that Industrial and Financial Systems, IFS AB has completed the previously announced acquisition of Copperleaf pursuant to a statutory plan of arrangement under the Canada Business Corporations Act. In accordance with the terms of the Arrangement, IFS indirectly acquired all of the issued and outstanding common shares in the capital of Copperleaf for $12.00 in cash per Share, representing a total equity value of approximately $1.0 billion on a fully diluted basis. The Shares are expected to be de-listed from the Toronto Stock Exchange on or about the closing of trading on August 30, 2024. It is anticipated that Copperleaf will apply to cease to be a reporting issuer under applicable Canadian securities laws.