TMCnet News
AMCS Group Acquires GMT EuropeAMCS Group, of Limerick, Ireland, the leading supplier of software and vehicle technology for the waste and recycling industry, has acquired Amsterdam based industry specialist GMT Europe from Amsterdam investment company Nedvest. Both AMCS and GMT provide software and technology that increases the efficiency and productivity of waste recovery, recycling and reuse. This enables companies, communities and consumers to better manage the waste to resource cycle and improve the quality of our environment. AMCS provides enterprise scale solutions to the waste sector globally with its main operations in Western and Northern Europe, North America and Australasia. GMT is an established software supplier with over 25 years' experience and operations in Central and Southern Europe, and also Australasia. "The waste industry has come of digital age," said Jimmy Martin, CEO of AMCS, "mobile, cloud and sensor technologies now enable dramatic improvements in how we collect, process and recover waste resources. Combining the experience and skills of AMCS and GMT will help our customers and communities make the mos of these innovations, worldwide." GMT brings a group of highly skilled industry professionals to AMCS that compliments its existing teams and expands its geographic coverage. The combined company now employs over 350 staff serving 1300 customers in 22 countries. "Joining forces with AMCS is great news for our customers, our people and our other stakeholders" said Mark Abbas, CEO of GMT, "All will benefit from the expanded resources of the Group, the combined skills of our teams, and the ability to serve a wider market of customers with innovative products and services." "AMCS and GMT are a natural and logical fit, both companies speak the same language. GMT management and employees will benefit from new and exciting international opportunities to further develop themselves. We are happy to hand over our ownership to such an exceptionally well run company as AMCS." Tim Kreté, Investment Manager Nedvest. GMT customers will continue to receive ongoing support for their existing investments and will benefit from a greatly increased choice of software and vehicle technologies. AMCS brings additional on board weighing, mobile, analytics, route optimisation and recycling products that provide new opportunities to increase efficiency and productivity. ENDS AMCS is the leading supplier of integrated software and vehicle technology for the waste, recycling and material resources industries. We help over 1300 customers to reduce their operating costs, increase asset utilization, optimize margins and improve customer service. Nedvest is a family investment office established in Amsterdam, characterized by its active participation as a shareholder. This distinctive hands-on mentality and the broad experience has resulted in multiple international deals and exits.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160828005013/en/ |
