Private equity and venture capital investor EQT Group announced today an agreement to acquire a majority stake in resource-intensive industry-focused performance and sustainability software provider AMCS.

Founded in 2003, Ireland-based AMCS provides cloud-based and AI-enabled planning, performance, safety and sustainability focused software, aimed at enabling resource-intensive industries – including waste management, recycling, transportation, manufacturing, and utilities – to boost sustainability and profitability. AMCS’ platform includes Enterprise Resource Planning, recycling, transport, and EHSQ & ESG software, designed to increase the performance of customers’ operations, and to help meet sustainability reporting and regulatory requirements. AMCS also recently completed the acquisition of ESG data and reporting platform provider Figbytes.

Jimmy Martin, co-founder and CEO, AMCS, said:

“On behalf of AMCS, I’d like to express our deepest gratitude to EQT, for aligning with our vision of empowering sustainability for organizations globally and championing the circular economy. Their backing is instrumental in supporting the transformative work we do.”

According to EQT, the acquisition comes as AMCS’ markets are benefiting from secular tailwinds, including a shift to greater circularity in supply chains with resources increasingly recycled, digitization of industrial companies, and cloud software adoption, as well as increasing regulatory and sustainability reporting requirements.

EQT will invest in AMCS through its flagship private equity fund, EQT X, and through its impact-driven, longer-hold fund, EQT Future. The firm launched EQT Future in 2021, to invest in companies with market-shaping impact potential, where sustainable transformation requires a longer ownership horizon.

Simon Griffiths, Head of the EQT Future advisory team, said:

“Our investment in AMCS is strongly aligned with EQT Future’s focus on leading businesses where the market opportunity and the very strong decarbonisation impact angle support a long-term investment horizon. We believe that AMCS is clearly positioned to be a long-term winner as the world shifts to a circular economy, and we look forward to supporting AMCS to help drive this trend and deliver on its growth ambitions.”

The co-founder, management, current AMCS majority investor Insight Partners, as well as Clearlake Capital, Highland Europe and the Ireland Strategic Investment Fund are expected to retain minority stakes in the company following the acquisition. The transaction is expected to close before Q1 2025.