AMCS, a global supplier of integrated cloud-based software and vehicle technology for the environmental, utilities, waste, recycling, and resource industries, announced that it has entered into an agreement to acquire Quentic, one of the leading solution providers of Software as a Service for EHSQ and ESG management, for an undisclosed amount.
The transaction is subject to regulatory approval and should close in the coming weeks. In connection with the deal, Clearlake Capital Group, L.P. (together with affiliate, Clearlake) is making a new equity investment in AMCS alongside new equity investments from existing investors Insight Partners, Ireland Strategic Investment Fund (ISIF), and Highland Europe.
What does the transaction mean to both companies?
AMCS will be positioned to broaden its expertise in the environmental services industry and continue to expand its customer base. With 4,000 clients supported by 1,000 employees, AMCS is on a trajectory to achieve run rate revenues greater than €180m by the end of the year. AMCS and Quentic are positioned to provide advanced digital solutions, which will enrich client operations and impact the environment for a cleaner and more sustainable world.
Combining forces is an important step for both companies as they leverage the expertise from each organization and jointly lead the way for added competence in the market.
Managing resources from cradle-to-cradle has become a key role for businesses. The integration of AMCS and Quentic enables clients on both sides to benefit from a wide range of solutions that support end-to-end standardization and optimization of business processes to increase efficiencies, streamline operations and work toward a safe and sustainable future.
“AMCS and Quentic are very aligned with the mission to drive an environmentally sustainable future. A net zero carbon future depends on a very connected and circular approach across the supply chain,” says Jimmy Martin, Chief Executive Officer of AMCS.
“We are thrilled to bring the tech from Quentic into the AMCS portfolio and can now move forward with a focus on influencing the entire supply chain, offering smarter outcomes from automating and digitizing their businesses – reducing waste as much as possible.”
What does Quentic bring to AMCS portfolio?
Quentic provides a holistic and modular Software as a Service solution to manage all tasks and processes related to environmental, health, safety, and quality management (EHSQ) and corporate responsibility-related areas in environment, social and governance (ESG).
“We have built Quentic on the values of making a meaningful contribution to people, society and the environment,” commented Markus Becker, Chief Executive Officer of Quentic.
“Therefore, we are excited to have found a partner in AMCS who fully aligns with our mission to digitally empower companies across the globe to manage people, business and environmental processes sustainably at all levels. Together with AMCS, the Quentic management team will continue to shape the future,” Markus further commented.