EQT to acquire majority stake in AMCS, boosting circular economy software
Summary
AMCS, founded in 2003 and headquartered in Ireland, offers a SaaS platform that includes enterprise resource planning, recycling, transportation, and ESG and Environment, Health, Safety, and Quality (EHSG) software. As industries face increasing pressure to adopt circular economy practices, AMCS’ software solutions are poised to play a crucial role in supporting this transition. Less than a week ago, the fund entered a deal to acquire a majority stake in Acronis, a Switzerland-based cybersecurity and data protection platform catering to managed service providers. While EQT will become the majority stakeholder, the company’s co-founder, management, and existing investors, including Insight Partners, Clearlake Capital, Highland Europe and the Ireland Strategic Investment Fund, are expected to retain minority stakes. “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,” said Richard Wells, managing director at Insight Partners, who expressed continued support for the company’s growth and innovation in partnership with EQT.