Integrated software solutions provider for the waste and recycling industry, AMCS, has announced the acquisition of P&L Software Systems Limited.
Established in 1987, P&L’s software has the largest installed base of UK waste and recycling operators and is regarded as one of the main players in mid-tier market for waste management software, training and consultancy.
Commenting on the deal, AMCS CEO, Jimmy Martin said: “This is an exciting time both for AMCS and the customers and employees of P&L Software Systems.
“The regulatory and commercial drivers in the UK have resulted in an accelerated uptake of software and on-vehicle technology as businesses seek to drive operational efficiencies and demand higher levels of management information to maximise revenue and profitability.
AMCS – “Whilst we will continue to support their existing systems, P&L’s customers will now be able to benefit from access to AMCS’ full suite of software and vehicle technology products including market leading ERP, Mobile, Weighing and Business Intelligence”
“Whilst we will continue to support their existing systems, P&L’s customers will now be able to benefit from access to AMCS’ full suite of software and vehicle technology products including market leading ERP, Mobile, Weighing and Business Intelligence.”
P&L’s managing director, Peter Gardner, also commented saying: “We’re very proud of the business and reputation we’ve built in the waste and recycling market. It’s exciting to now be part of AMCS, a global leader in the space, who bring significant breadth and depth of products and unrivalled investment in R&D and product innovation, which we believe will deliver great value to our customers”
AMCS recently announced a €45m investment, led by Insight Venture Partners (Insight), a New York-based private equity and venture capital firm, with participation from the Ireland Strategic Investment Fund (ISIF).
The company will use the new capital to fuel continued global expansion, which will include strategic acquisitions in its existing core markets and central Europe. It will also support AMCS’ pioneering product innovation.
The news comes as P&L director and RWM Ambassador, Julie Emery-Priest, announces her departure from the waste industry.
“After 28 years, myself and Peter Gardner the directors of P&L Software Systems are moving on to another phase in our lives and that P&L Software Systems has now been acquired by AMCS,” she sent in an email.
“I will no longer be working within the waste industry, at least not for the foreseeable future, therefore. I will, with immediate effect, no longer qualify to be an [RWM] ambassador. I would like to wish you all well with the current projects the ambassadors are working with and thank i2i for the opportunity to be part of the ambassadors group.”