Software firm AMCS completes acquisition of P&L
Irish-based recycling vehicle technology and software provider AMCS, has announced the acquisition of P&L Software Systems Limited, a supplier of waste management software in the UK.
P&L, which is headquartered in Adderbury, Oxfordshire, provides software for the management of waste which includes categorising materials, recording load weights and invoicing and order information across digital platforms.
The company was established in 1987 and claims to have built up the ‘largest installed base of UK waste and recycling operators’.
As a result of the P&L acquisition AMCS has established itself as one of the largest overall players in the UK market for waste and resource management software.
The company’s range of products includes route planning, in-cab appliances, weighbridge and processing software and data collation.
Commenting on the deal, AMCS chief executive, 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.”
“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, added: “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 €45 million (£33 million) 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 says it will use the new capital to fuel continued global expansion, which will include strategic acquisitions in its existing core markets and central Europe.