AMCS and Quentic announce today that AMCS has entered an agreement to acquire Quentic. The transaction is subject to regulatory approval and expected to close in the coming weeks. With this acquisition AMCS significantly broadens their expertise globally in the environmental services industry. Quentic’s management team will continue to shape the brand’s and company’s future as a global market leader for environmental, health, safety and quality management software and services together with AMCS. Both companies recognise the potential of jointly providing digital business solutions for a healthier, cleaner, and more sustainable world.
AMCS, the leading 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 ESG management, announced today that they have signed an agreement for the acquisition of Quentic by AMCS. Following regulatory approval, Quentic will become part of AMCS. All parties have agreed to non-disclosure of the transaction details.
AMCS extends environmental services offering across a wider industry
Combining forces is an important step for both companies. As global leader for software and vehicle technology solutions in the environmental, utility, recycling, and resource industry, AMCS broadens its market position with this acquisition. With Quentic as part of the AMCS portfolio, the company now provides more advanced digital solutions to a wider industry that will enrich the customers’ operations that directly impact the environment for a healthier, cleaner, and more sustainable world.
“AMCS and Quentic are very aligned with the mission to drive an environmentally sustainable future”, says Jimmy Martin, CEO of AMCS. “We are thrilled to bring the technology from Quentic into the AMCS portfolio of solutions and can now move forward with a stronger focus on influencing the entire supply chain offering smarter outcomes from automating and digitising their businesses — reducing waste as much as possible.”
Quentic adds 15 years of EHSQ excellence to AMCS’s portfolio
Markus Becker (CEO), Sebastian Mönnich (COO) and Hardy Menzel (CTO) founded Quentic as a software for environmental management (formerly EcoIntense) in 2007. Today, 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) as well as corporate responsibility-related areas in environment, social and governance (ESG). Quentic’s path to becoming one of the leading solution providers in the industry was supported in several stages by One Peak and Morgan Stanley Expansion Capital, as well as the German High-Tech Gründerfonds (HTGF).
Together with AMCS, the management team will continue to shape the future with a combined portfolio of solutions. “We have built Quentic on the values of making a meaningful contribution to people, society and the environment”, Markus Becker, CEO of Quentic said. “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. This step is an outstanding opportunity for Quentic to further strengthen its brand and position in the EHSQ and ESG software market.”
Leveraging expertise to fuelling a net zero carbon future
Quentic and AMCS will substantially profit from each other’s expertise and competence in the market. Managing resources from cradle-to-cradle has become a key responsibility for companies across all industries globally. The integration of the companies enables customers on both sides to profit 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.