Genstar-backed Prometheus Group acquires LUCY IMS

Prometheus Group, which is backed by Genstar Capital, has acquired LUCY Industrial Management Solutions, a provider of software solutions. No financial terms were disclosed.

PRESS RELEASE

Raleigh, NC, April 21, 2022 – Prometheus Group, a leading global provider of asset management operations and optimization software, announced the acquisition of LUCY Industrial Management Solutions (IMS), a provider of software solutions designed to optimize the execution of capital-intensive projects by ensuring safety, technical integrity, and timely certification and handover.

With an office in the Netherlands, LUCY IMS’s digital platform streamlines and controls construction, mechanical completion, and commissioning processes with an easy-to-use front end accessed by commissioning managers, project managers, inspectors, and contractors in any industry.

“LUCY’s innovative solutions are very compelling and provide a critical service to their customers,” said Eric Huang, CEO of Prometheus Group. “We are excited to include LUCY into the Prometheus Group platform.”

“We believe that LUCY’s solutions are a natural fit for Prometheus Group, and we are excited to be joining a clear leader in industrial solutions,” says Reinout van Haeringen, CEO and Founder of LUCY IMS. “Prometheus Group provides a wide variety of solutions for asset-intensive organizations, including STO organization and contractor management, and we look forward to integrating our software and expertise in this space with their outstanding products.”

The acquisition of LUCY IMS represents the ninth made by Prometheus Group since being acquired by Genstar Capital in 2019.

Financial terms of the acquisition are not being disclosed.

About Prometheus Group
‍Prometheus Group is a leading global provider of comprehensive and intuitive plant maintenance operations and optimization software, with a broad platform of solutions addressing the unique idiosyncrasies and requirements of heavy asset operators. Prometheus Group’s interconnected platform integrates enterprise asset management from master data to safe work solutions and mobile execution in the field.
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