EQT Group has agreed to acquire a majority stake in AMCS, a service and software provider sustainability in Ireland for the energy-intensive industries. Founded in 2003, AMCS provides a cloud-based, AI-based system for planning, management, safety and sustainability, serving areas such as waste management, recycling, transportation, manufacturing and ancillary services. The company recently acquired ESG news and information platform Figbytes.
EQT invests in the EQT X private equity fund and the equity-related EQT Future Fund. This investment is in line with EQT Future’s goal of supporting companies with significant market impact and sustainability. Existing AMCS investors, including Insight Partners, Clearlake Capital, Highland Europe and Ireland’s Strategic Investment Fund, will retain a small stake. The deal is expected to close before the first quarter of 2025.