June 3, 2026
Two leading IFS partners are joining forces as Germany based Flexicode Group GmbH has acquired 100% of the shares of Aveso Oy – the leading Finnish IFS Partner, particularly in manufacturing and energy sectors. The combination establishes one of the largest pure-play IFS Cloud system providers in Europe, with more than EUR 25 million in revenues and around 150 specialists across the Nordics and DACH.
Founded in 2018, Flexicode is the leading IFS Partner in Germany, Austria, and Switzerland serving more than 65 IFS customers in complementary end markets.
In the past year, Flexicode Group and Aveso together generated approximately EUR 25 million in revenue. Combined, the companies employ around 150 people and offer a broader and more comprehensive service portfolio, enabling them to deliver even greater value to customers across Europe.
“Our ambition is to become the leading IFS service provider in Europe. Becoming part of Flexicode gives Aveso a stronger foundation to continue its strong growth in Finnish market, and to also explore opportunities in other Nordic countries. Our companies complement each other exceptionally well in terms of employee expertise, customer base, and service offerings, enabling us to serve our existing customers even better in future.”
For Flexicode Group, transaction represents not only geographical expansion but also strengthening its expertise in IFS EAM (Enterprise Asset Management) and IFS FSM (Field Service Management), as well as an expansion of its service offering in the field of data management, including master data management, data quality, and data warehousing.
“We are bringing together two of the leading IFS Partners in Europe: Flexicode in the DACH region and Aveso in Finland. That is an outstanding opportunity for our customers, our teams, and the wider IFS ecosystem. What makes this combination particularly strong is not only the excellent cultural fit between our companies, but also the deep IFS expertise and complementary capabilities that Aveso brings to the Group. We share an entrepreneurial mindset, a strong customer focus, and the ambition to create long-term value. Together, we are creating a stronger European platform and taking an important step toward becoming Europe’s leading IFS Partner.”
All Aveso’ current shareholders will significantly re-invest in Flexicode Group, and Sami Heino will continue as CEO of Aveso. Aveso’s management and all 48 employees across the company’s three locations in Finland will continue in their roles.
Both parties have agreed not to disclose further details about the Transaction.
About Aveso Oy
Aveso is the leading Finnish IFS partner and official IFS reseller with three locations across Finland, delivering end-to-end services for IFS Cloud, including implementation, development, support, and maintenance. The company has strong experience in ERP projects in the energy sector and manufacturing industry. Aveso’s services also include system integrations and comprehensive data management services (data warehouse, business intelligence, master data management, data quality and data migrations).
About Flexicode Group GmbH
Flexicode is a Germany- and Switzerland-based IT services provider focused on the IFS ecosystem. The Company supports its clients with ERP and FSM implementation, cloud migration, managed services, and complementary proprietary software solutions. With a strong reputation and a loyal customer base, Flexicode is positioned as a trusted partner for digital transformation in the DACH region and beyond.