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.
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