German regulatory authorities have approved the sale of Berlin-based Quentic GmbH to the AMCS Group, headquartered in Limerick, Ireland, closing the transaction that was announced in May. Quentic is now part of AMCS as of June 30.
AMCS is the leading global supplier of integrated software and vehicle technology for the environmental, utility, waste, recycling and resource industries, and Quentic is a leading provider of software as a service for environmental, health, safety and quality (EHSQ) and environmental, social and governance (ESG) management.
"With this step, we open a new chapter in our 15-year company history," says Markus Becker, CEO of Quentic. "The cooperation will further strengthen Quentic's growth of the past years. We particularly look forward to the professional collaboration and exchange in order to jointly provide the best digital business solutions for a healthier, cleaner and more sustainable future."
"Regardless of the industry, digitalization is a key enabler on the path to a global and sustainable circular economy," adds Jimmy Martin, CEO of AMCS. "With the variety of solutions in the AMCS portfolio, we aim to put these technologies at the fingertips of our customers. Integrated management of all processes related to occupational safety, environmental, sustainability and quality management, as offered by the Quentic SaaS platform and app, is therefore a valuable addition to our offering.”
Becker, Sebastian Mönnich and Hardy Menzel founded Quentic in 2007. Today, the company employs more than 250 people at 14 locations across Europe. More than 900 companies use Quentic software.
"We would like to thank our long-term partners One Peak, Morgan Stanley Expansion Capital and High-Tech Gründerfonds for the trustful and valuable cooperation,” Becker says. “Together we have successfully put Quentic on the path to becoming the European market leader for EHSQ and ESG-management software and services. Now we are looking forward to continue on this path with AMCS."
The Quentic management team will continue to shape the company’s future together with new owner AMCS, according to a news release from AMCS.