AMCS Acquires German Software Company Recy Systems
In January this year, Ireland-based supplier of integrated software and vehicle technology for the waste and recycling sector, AMCS, has announced the acquisition of the German recycling and waste management software company Recy Systems.
According to the information, Recy Systems has offices in Germany, the USA, the UK, and Slovakia. “Their customers include some of the world’s largest and most complex recycling companies,” AMCS informed. “Overall, the acquisition will add another 600 customers from across Europe, in North America, Asia, and Africa, taking AMCS’ total customer base to over 2,400 worldwide.”
The acquisition will support the buyer’s continued development of a best-in-class global solution for the metal recycling industry, AMCS is convinced. It would also contribute to the development of the company’s platform used by the wider waste, recycling, and resource management sector to maximize their efficiency and increase profitability. “AMCS’ existing solution portfolio will be further strengthened by Recy’s world-class suite of software, including its state-of-the-art functionality for managing complex stock inventory and valuation requirements,” the Irish provider of a cloud platform and hardware to help its customers profit from the circular economy underlined. “Recy’s sector-specific model ensures that its products are designed exclusively for the waste, recycling, and material trading industry, covering steel scrap, non-ferrous metals, paper, wood, glass, plastic, textiles, and electronics.”
As reported, the acquisition will also deliver significant synergy with the Brady Recycling Solutions (SAI) business, purchased by AMCS twelve months earlier. Accessorily to adding over 100 customers in North America, Europe, and Australasia, the Brady acquisition also extended AMCS’ portfolio of solutions designed specifically for commercial scrap metal recycling operations.
(GR 12019S)
