Limerick, Ireland-based ISRI member AMCS, a leading global supplier of integrated cloud-based software and vehicle technology has entered into an agreement to acquire Berlin, Germany-based Quentic, one of the leading solution providers of Software as a Service for environment health and safety (EHSQ) and environmental, social, and governance (ESG) management.
“AMCS and Quentic are very aligned with the mission to drive an environmentally sustainable future,” AMCS CEO Jimmy Martin says. “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 digitizing their businesses — reducing waste as much as possible.”
In connection with AMCS’ acquisition of Quentic, Clearlake Capital Group is making a new equity investment in AMCS alongside new investments from existing investors Insight Partners, the Ireland Strategic Investment Fund (ISIF), and Highland Europe. With a combined 4,000 customers supported by over 1,000 employees, AMCS is on a trajectory to achieve run rate revenues greater than 180 million euros ($193 million) by the end of the year.
The integration of AMCS and Quentic enables customers 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.
“We have built Quentic on the values of making a meaningful contribution to people, society and the environment,” Quentic CEO Markus Becker, says. “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.”
Featured image courtesy of Storyblocks. Body image courtesy of AMCS. Caption: Jimmy Martin, CEO of AMCS.