EQT Private Equity to Acquire Majority Stake in AMCS, Valuing the Company at €2 Billion

Image source: AMCS

Published on August 15, 2024

EQT Private Equity announced its plans to acquire a majority stake in AMCS, a global leader in cloud-based and AI-enabled software solutions for resource-intensive industries such as waste management and recycling. The deal values AMCS at approximately €2 billion and is expected to close by Q1 2025, pending customary conditions and approvals.

Founded in 2003 and headquartered in Ireland, AMCS provides innovative software designed to enhance operational efficiency, sustainability, and regulatory compliance. With over 3,800 customers in more than 80 countries, AMCS supports industries transitioning to a circular economy, managing more than 700,000 vehicles globally. The company has reported annual recurring revenues exceeding €200 million, with growth rates between 25% and 30% and profit margins close to 30%.

EQT’s investment will be made through its EQT X and EQT Future funds, leveraging its expertise in software and impact-driven value creation to support AMCS’s growth ambitions and sustainability goals. Existing investors, including Insight Partners, Clearlake Capital, Highland Europe, and the Ireland Strategic Investment Fund, will retain minority stakes, reflecting their confidence in AMCS’s potential.

While the deal is not yet closed, it is on track to be finalized before the first quarter of 2025, subject to regulatory approvals.

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