AMCS, a global supplier of integrated software and vehicle technology for the environmental, utility, waste, recycling, and resource industries, and Quentic, one of the leading solution providers of Software as a Service for EHSQ and Environmental, Social, and Governance (ESG) management, announced the acquisition of Quentic by AMCS on May 12, 2022.
What were the thoughts of Quentic on the transaction?
As the regulatory authorities have now approved the transaction, the acquisition of the Berlin-based software provider for occupational safety, environmental, sustainability, and quality management took effect on June 30, 2022. “With this step, we open a new chapter in our 15-year company history,” explains Markus Becker, Chief Executive Officer of Quentic.
“The cooperation will further strengthen Quentic’s growth of the past years. We particularly look forward to the professional collaboration and exchange in order to jointly provide the best digital business solutions for a healthier, cleaner and more sustainable future.”
What does the acquisition mean to AMCS?
With the addition of Quentic to its portfolio, AMCS expands its offering of promising digital solutions that optimize workflows and have a direct positive impact on the environment.
Technology portfolio for sustainable business processes
“Regardless of the industry, digitalization is a key enabler on the path to a global and sustainable circular economy,” confirms Jimmy Martin, Chief Executive Officer of AMCS.
“With the variety of solutions in the AMCS portfolio, we aim to put these technologies at the fingertips of our customers. Integrated management of all processes related to occupational safety, environmental, sustainability and quality management, as offered by the Quentic SaaS platform and app, is therefore a valuable addition to our offering,” Martin continues.
Becoming a market leader with sustainable growth
Markus Becker, Sebastian Mönnich, and Hardy Menzel founded Quentic in 2007. Today, the company employs more than 250 people at 14 locations across Europe. More than 900 organisations across the globe strengthen their processes in the areas of occupational safety, environmental, sustainability and quality management with Quentic software solutions.
Business angels and financial investors supported the firm’s growth in several rounds of financing. “We would like to thank our partners One Peak, Morgan Stanley Expansion Capital and High-Tech Gründerfonds for the valuable cooperation,” commented Markus Becker.
“Together we have successfully put Quentic on the path to becoming the European market leader for EHSQ and ESG-management software and services. Now we are looking forward to continue on this path with AMCS.” explains Markus Becker. The Quentic management team will continue to shape the company’s future together with the new owner AMCS.