AMCS, a portfolio company of Insight Venture Partners and Ireland Strategic Investment Fund, has acquired Cambridge, Ontario-based TRUX Route Management Systems Inc, a provider of software solutions for the waste industry. No financial terms were disclosed.
BOSTON–(BUSINESS WIRE)–AMCS, a leading global supplier of integrated software and vehicle technology for the waste, recycling and resource industries has today announced the acquisition of Canada-based software solutions provider for the waste industry, TRUX Route Management Systems Inc., for an undisclosed amount.
Since the establishment of TRUX in 1990, they set the standard for waste software for the Canadian market and gained wide acceptance with leading waste companies throughout North America. Today they are considered one of the leading and most respected waste software companies in North America.
In total, the acquisition will result in having 1,000 customers across North America, which now represents over 40% of AMCS’s global business.
Commenting on the acquisition, AMCS CEO, Jimmy Martin, said;
“The North American waste market is a very strategic market for AMCS and shaping to be an exciting place for growth in the coming years. Its dynamic nature and the high degree of complexity involved, will undoubtedly mean that it will benefit from an increased and accelerated adoption of technology.
Our continued investment in this market has resulted in a scalable, world-class cloud platform that can meet the needs of customers across the globe. Now and in the future, TRUX’s impressive customer base will add further expansion of our business in North America. With the strength of TRUX’s customers in the mid and enterprise market, coupled with AMCS’s investment and resources, I am confident that all our customers will benefit from the integration of the two businesses.
We are looking forward to welcoming the TRUX team and are excited to announce that David Ische, President of TRUX, will join the AMCS Senior Management Team following the acquisition as Director of Business Development.”
David Ische, President of TRUX, commented on the deal:
“TRUX has been a pioneer and leader in the development of software for the waste management industry in North America over the past 30 years. We are excited to take the next step in our evolution with AMCS to deliver best-in-class software for the broader global market. We share their vision as a customer focused, market leading company and view this as a great opportunity for the future growth of our customers and employees.”
Discussing the direction of the company in North America, Michael Winton, President of the region said:
“I would like to take this opportunity to welcome TRUX customers and employees to AMCS and assure them that they will experience a seamless transition and a high level of support from our global organization. The AMCS team takes pride in helping companies in the waste and recycling sector to accelerate top line growth, deliver environmental sustainability, and improve operational efficiency and margins using ingenious technologies.”
In recent years, AMCS has completed a number of key acquisitions across the globe which has continued to strengthen their position as a world leader in software and technology for the waste & recycling sector. The company continues to grow and secure significant new business wins in all its primary markets, which includes a number of national and international brands.
AMCS, with offices in North America, Europe and Australia is a global leader of integrated software and vehicle technology for the waste, recycling and resource industries. We help over 2,550 customers to reduce their operating costs, increase asset utilization, optimize margins and improve customer service. Our enterprise software and SaaS solutions deliver digital innovation to the emerging circular economy around the world.
For more information, please visit: www.amcsgroup.com