Just weeks after raising a €23.5m investment round, Limerick-based waste management and recycling tech firm AMCS has acquired US software company PC Scale Technology (PCST) for an undisclosed sum.
The deal follows last month’s completion of a €23.5m investment round by Highland Capital Partners Europe and Investec Ventures through the Ulster Bank Diageo Fund.
The US acquisition is part of AMCS’ strategy of further consolidating its leadership position in international markets and positions it as a global leader in software for the waste and recycling industry.
Pennsylvania-based PCST has an annual turnover of about US$10m (€7.4m) and employs 50 people across the US.
“This acquisition clearly demonstrates our ability to leverage key international growth markets following the recent investment of €23.5m by Highland Capital Partners (Europe) and Investec Ventures,” said Jimmy Martin, CEO of ACMS.
“The acquisition of PCST provides real scale and genuine synergy, leveraging our common technology and combined industry expertise.
“Our increased product offering, implementation and service capabilities result in AMCS being the only provider of a truly one-stop software solution on a global scale.”