IFS Defence Ltd, a joint venture between BAE Systems and IFS AB of Sweden, has today acquired Information Science Consultants Ltd (iSC) for cash, from Dr. M. Horton and Dr. I. Scullion.
iSC, a privately held company based in Cirencester, UK, specializes in naval maintenance management applications and services and provides the Unit Maintenance Management System (UMMS) to the UK Royal Navy fleet. iSC also provides leading expertise in reliability-centered maintenance processes and toolsets to a wide range of defense and commercial organizations. iSC generated revenue of £2.4 million with an EBIT of £0.5 million in the year ending September 30, 2006, on gross assets of £1.8m.
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