AMCS, a provider of built-in cloud-based software program and car expertise for the environmental, utilities, waste, recycling and useful resource industries, says it has entered into an settlement to purchase Quentic, a number one supplier of software program as a service for atmosphere, well being, security and high quality and environmental, social and governance administration. AMCS, which is headquartered in Limerick, Ireland, has not disclosed the quantity of the transaction, which it says is topic to regulatory approval and is anticipated to shut within the coming weeks.
AMCS says the acquisition will broaden its experience within the environmental companies trade globally and allow the corporate to proceed to broaden its buyer base. With a mixed 4,000 prospects supported by greater than 1,000 workers, AMCS is on a trajectory to obtain run charge revenues better than 180 million euros by the tip of the 12 months, the corporate says within the information launch asserting the transaction.
AMCS has workplaces in North America, Europe and Australia and employs greater than 800 folks throughout 12 nations. AMCS is a world chief of built-in software program and car expertise for the environmental, recycling and useful resource industries and affords optimization options to the broader transport and logistics market.
The Quentic platform includes 10 individually combinable modules and affords a approach for corporations to handle well being and security, dangers and audits, incidents and observations, hazardous chemical compounds, management of labor, authorized compliance, on-line directions, processes, environmental administration and sustainability.
The firm employs greater than 250 folks and has department workplaces in Germany, Austria, Switzerland, Finland, Sweden, Denmark, Belgium, the Netherlands, France, Spain and Italy.
Together, AMCS and Quentic are actually positioned to present extra superior digital options to a wider trade, which is able to enrich their prospects’ operations and affect the atmosphere for a more healthy, cleaner and extra sustainable world, AMCS says. The integration of AMCS and Quentic permits prospects on each side to profit from a variety of options that assist end-to-end standardization and optimization of enterprise processes to enhance efficiencies, streamline operations and work towards a protected and sustainable future.
“AMCS and Quentic are very aligned with the mission to drive an environmentally sustainable future,” says Jimmy Martin, CEO of AMCS. “A net-zero carbon future is determined by a really related and round method throughout the availability chain. We are thrilled to convey the expertise from Quentic into the AMCS portfolio of options and might now transfer ahead with a concentrate on influencing the whole provide chain, providing smarter outcomes from automating and digitizing their companies—lowering waste as a lot as potential.”
Quentic CEO Markus Becker, Chief Operations Officer Sebastian Mönnich and Chief Technology Officer Hardy Menzel based the corporate as EcoIntense in 2007 to present software program for environmental administration. Today, Quentic offers what AMCS describes as “a holistic and modular software program as a service answer to handle all duties and processes associated to environmental, well being, security and high quality administration, in addition to company responsibility-related areas in atmosphere, social and governance.”
“We have constructed Quentic on the values of constructing a significant contribution to folks, society and the atmosphere,” Markus Becker, CEO of Quentic, says. “Therefore, we’re excited to have discovered a accomplice in AMCS who absolutely aligns with our mission to digitally empower corporations throughout the globe to handle folks, enterprise and environmental processes sustainably in any respect ranges. Together with AMCS, the Quentic administration crew will proceed to form the longer term.”
In reference to the corporate’s buy of Berlin-based Quentic, Clearlake Capital Group LP, Santa Monica, California, is making a brand new fairness funding in AMCS alongside new fairness investments from current traders Insight Partners, Ireland Strategic Investment Fund and Highland Europe.