Acquisition of PC Scale Technologies (PCST) means Irish company becomes the world’s largest provider of software and on-vehicle technology in the recycling and waste management industries
Image copyright The Irish Times. R-L: Jimmy Martin, CEO AMCS Group, Tony Zappala, Partner HCPE, Fergal Mullen, Partner HCPE, Austin Ryan, Business Development Director AMCS Group
10th February, 2014 – Limerick-based environmental software and technology developer AMCS Group, a world-leader in the provision of integrated waste management software and vehicle technology has announced the acquisition of a US software company, PC Scale Technologies (PCST), based in Pennsylvania.
The deal follows last month’s completion of a €23.5 million investment round by Highland Capital Partners Europe and Investec Ventures through the Ulster Bank Diageo Fund. The US acquisition is part of AMCS’s strategy of further consolidating its leadership position in international markets.
The newly acquired PCST has an annual turnover of approximately $10 million (c. €7.4 million) and employs 50 people across the US. The deal firmly positions AMCS Group as the largest provider of and global leader in software and technology for the recycling and waste sector.
Commenting on the acquisition, AMCS Group CEO, Jimmy Martin, said: “This acquisition clearly demonstrates our ability to leverage key international growth markets following the recent investment of €23.5m by Highland Capital Partners (Europe) and Investec Ventures. The acquisition of PCST provides real scale and genuine synergy, leveraging our common technology and combined industry expertise. Our increased product offering, implementation and service capabilities result in AMCS being the only provider of a truly one-stop software solution on a global scale.”
PCST founder and CEO Donald Tefft said: “AMCS Group and PCST’s shared values and focus on providing superior customer service was a key component of this deal. I have complete confidence that AMCS will maintain this focus and continue delivering the products and service levels that have helped our customers grow and become so successful.”
The new division of AMCS Group will be led by PCST’s current COO, Ken Good.
For reference: Lorna Ní Mhuirí, Marketing Executive, AMCS Group +44 (0)141 3011118
Note to editors:
AMCS Group is a global leader in the design, development, implementation and support of integrated environmental software and solutions for the recycling and waste management industry based in Limerick.
Since the company's incorporation in 2003 AMCS has grown from being a solutions provider in the Irish waste market to now having wholly owned subsidiaries in the UK, Norway, Sweden and the US.
AMCS offers a total “end to end” solution that brings a fully functional and feature rich back-office software suite to on-vehicle technology that integrates RFID and on-board weighing with a powerful on board computer. This powerful combination of technologies has enabled AMCS’ solution to become the global standard in the industry, helping significantly reduce the amount of waste going to landfill and encouraging more recycling.
In January, 2014 the company announced a €23.5 million round of financing led by global venture capital firm, Highland Capital Partners Europe and Investec Ventures through the Ulster Bank Diageo Venture Fund.
For more information visit www.amcsgroup.com