AMCS has bought the recycling division of Brady, one of its major competitors in the software market for the waste industry globally.
The £4.6m acquisition brings on board more than 100 Brady customers involved in metal and other recycling in North America, Europe and Australasia.
Jimmy Martin
AMCS chief executive Jimmy Martin (pictured) said the deal strengthened the company’s position as the leading technology provider to the recycling industry.
“It also underlines our continued commitment to providing practical and proven solutions that support the transformation of the industry to a circular economy,” he said.
“We are committed to a seamless transition for Brady Recycling Solutions’ customers and employees, and look forward to providing them with an even greater level of support and engagement through our global locations.”
This is the latest in a series of acquisitions which include P&L Software and GMT in Europe, PC Scale in the US and WastEdge in Australia.
Brady said the sale would enable the company to focus on supplying software and services to the energy and commodity sectors.
For the year ended 31 December 2016, Brady’s division generated a revenue of £4.9m and an operating profit of £800,000. The expected figure for 2017 is £300,000.
You might also like...
EMR fined £150,000 by Competition & Markets Authority
European Metal Recycling (EMR) and its parent company Ausurus Group have been penalised over the handling of a merger with Metal & Waste Recycling (MWR).
Acquisitions for Grundon and Slicker
Grundon Waste Management has bought Rabbit Waste Management’s commercial waste operations, more than doubling its collection fleet across East and West Sussex.
Valpak acquired by Reconomy
Waste management firm Reconomy has bought compliance scheme Valpak for an undisclosed sum.
News round-up December 2018
EfW investment project launched; First Mile helps recycle plastic kegs; Laundary textiles saved; WRA officially launches Fire Prevention Plan Guide
Have your say
You must sign in to make a comment
Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.