• Strategic Investment: EQT Private Equity acquires a majority stake in AMCS, a global leader in sustainability software for resource-intensive industries.
• Sustainability Focus: The partnership will accelerate AMCS’s impact on the circular economy, driving efficiency and regulatory compliance.
• Market Leadership: AMCS, with 3,800+ customers globally, is poised to expand its influence in the waste management and recycling sectors.

EQT Private Equity Takes Majority Stake in AMCS

EQT Private Equity has announced its acquisition of a majority stake in AMCS, a leading global provider of cloud-based, AI-enabled software for resource-intensive industries. This strategic investment, made through EQT X and EQT Future funds, underscores EQT’s commitment to driving sustainability and supporting the transition to a circular economy.

Empowering Sustainability

Jimmy Martin, co-founder and CEO of AMCS, emphasized the significance of this partnership: “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.”

AMCS, founded in 2003 and headquartered in Ireland, serves industries such as waste management, recycling, and manufacturing. With its advanced SaaS platform, AMCS enables organizations to streamline operations, meet regulatory requirements, and achieve sustainability goals. The company’s software is integral to over 3,800 customers across 80 countries, managing more than 700,000 vehicles globally.

Driving Circular Economy Innovation

EQT Private Equity’s investment is strategically positioned to leverage AMCS’s market leadership and innovation. Robert Maclean, Partner in the EQT Private Equity advisory team, stated, “We strongly believe that AMCS has a fantastic opportunity to further support the circular economy and drive a greater share of recycling within the waste industry.”

Simon Griffiths, Head of the EQT Future advisory team, echoed this sentiment: “Our investment in AMCS is strongly aligned with EQT Future’s focus on leading businesses where the market opportunity and the very strong decarbonization 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.”

Continued Growth and Innovation

AMCS’s existing investors, including Insight Partners, Clearlake Capital, Highland Europe, and the Ireland Strategic Investment Fund, will retain minority stakes, continuing their support for the company’s growth. Richard Wells, Managing Director at Insight Partners, reflected on their long-term partnership: “Since our initial investment in 2015, Insight has had the privilege of supporting AMCS as it scaled into a global market leader driving positive change towards a more circular economy.”

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Looking Ahead

The transaction is expected to close before Q1 2025, pending customary conditions and approvals. This acquisition marks a significant milestone for AMCS, positioning it to further its leadership in the sustainability sector with the robust backing of EQT Private Equity.