AMCS Group acquires Danish transport software firm
Limerick firm has bought Transvision adding €8 million to turnover
AMCS Group chief executive Jimmy Martin (left), Tony Zappala partner at Highland Capital Partners Europe and John Dolan, partner at Investec Ventures. Photo: Brenda Fitzsimons/The Irish Times
AMCS Group, a Limerick based waste and recycling management software company, has acquired Transvision, a Danish transport optimisation firm.
AMCS has already partnered with Transvision for several years so it knows how to integrate its software capabilities with the Limerick firm’s platform which is used by 20,000 vehicles on over 2,000 sites worldwide.
“Transvision is absolutely un-paralleled within the industry when it comes to advanced routing and scheduling” Jimmy Martin, the chief executive of AMCS said.
“This acquisition both complements and augments our existing software platform and it provides us with best-in-class capabilities in the areas of route optimisation, materials management and price optimisation,” he added.
AMCS raised €23.5 million in a fundraising round led by Highland Capital Partners (Europe) in January to fuel its international expansion. It has also agreed an €8.25 million funding facility with Silicon Valley Bank, the US-based technology commercial bank. The founded by Jimmy Martin and Austin Ryan and it had revenues of €18 million in 2013.
Mr Martin said the acquisition of Transvision would allow it move into markets other than waste management, recycling and resource recovery.
“Transvision operates in a number of other industries and their leadership position in these sectors introduces new growth opportunities to the group as a whole,” he said.
Transvision managing director Ole Kessel said: “The potential for our products is enormous and I believe with AMCS we have the potential to maximise our position globally.”
“We have worked with AMCS for some years now and we know and trust each other,” he added. “I feel absolutely safe for our customers’, employees’ and business partners and I very much look forward to leading this exciting step for Transvision”