AMCS, a supplier of cloud-based software and vehicle technology, has agreed to acquire Quentic, a Sofware as a Service provider for EHSQ and ESG management. The financial terms of the transaction were not disclosed.
In connection with the acquisition, Clearlake Capital Group is making an investment in AMCS alongside new equity investments from existing investors.
The transaction will allow AMCS to broaden its environmental services offering and widen its customer base. Quentic’s environmental expertise will position AMCS to work towards a net-zero carbon goal.
Jimmy Martin, CEO of AMCS said, “AMCS and Quentic are very aligned with the mission to drive an environmentally sustainable future. A net zero carbon future depends on a very connected and circular approach across the supply chain.”