AMCS in Limerick has entered into an agreement to acquire German software company Quentic and has raised new equity to fund the deal.
AMCS is a leading global supplier of integrated cloud-based software and vehicle technology for the environmental, utilities, waste, recycling, and resource industries.
Quentic is headquartered in Berlin and employs c.250 people. Branch offices are located in Germany, Austria, Switzerland, Finland, Sweden, Denmark, Belgium, the Netherlands, France, Spain and Italy
It is one of the leading online software solution providers for EHSQ and ESG management. Its platforms facilitate customers to manage Health & Safety, Risks & Audits, Incidents & Observations, Hazardous Chemicals, Control of Work, Legal Compliance, Online Instructions, Processes, Environmental Management and Sustainability.
Deal consideration has not been disclosed and the transaction is subject to regulatory approval, which AMCS regards as a formality.
In Association with
To fund the deal, AMCS has raised new capital from private equity investor Clearlake Capital Group, alongside new equity investments from existing investors Insight Partners, Ireland Strategic Investment Fund, and Highland Europe.
AMCS is bulking up with an ambitious acquisition strategy. Earlier this year the company bought Utilibill in Australia.
Jimmy Martin, CEO of AMCS, said the Quentic acquisition will broaden the company’s expertise in the environmental services industry globally and expand its customer base. The enlarged entity will have c,4,000 customers, over 1,000 employees, and a projected annual revenue of c.€180m by the end of 2022.
"AMCS and Quentic are very aligned with the mission to drive an environmentally sustainable future,” said Martin.
“A net zero carbon future depends on a very connected and circular approach across the supply chain. We are thrilled to bring the technology from Quentic into the AMCS portfolio of solutions and can now move forward with a focus on influencing the entire supply chain, offering smarter outcomes from automating and digitising their businesses - reducing waste as much as possible.
“Managing resources from cradle-to-cradle has become a key responsibility for businesses across all industries. The integration of AMCS and Quentic enables customers on both sides to benefit from a wide range of solutions that support end-to-end standardisation and optimisation of business processes to increase efficiencies, streamline operations and work toward a safe and sustainable future,” he added.
CEO Markus Becker, COO Sebastian Mönnich and CTO Hardy Menzel founded Quentic, formerly EcoIntense, in 2007.
“We have built Quentic on the values of making a meaningful contribution to people, society and the environment,” said Becker.
“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.”
According to Renatus, AMCS was provided with legal counsel on this cross-border transaction by a Maples and Calder team led by Conor Cawley, Colm Rafferty and Laura O’Connor.
