AMCS, Limerick, Ireland, a leading supplier of integrated software and vehicle technology for the waste and recycling industry, has acquired Recy Systems AG. The German-based company also provides recycling and waste management software.
Recy has offices in Germany, U.S., U.K. and Slovakia. The company’s customers include some of the world’s largest and most complex recycling companies, AMCS says in a news release announcing the purchase. The acquisition will add 600 customers from across Europe, North America, Asia and Africa to AMCS’ roster, taking the company’s total customer base to more than 2,400 worldwide.
In addition to growing its market share in the high-growth German market, AMCS says the acquisition will support the company’s continued development of a best-in-class global solution for the metal recycling industry. It also will contribute to the development of the AMCS’ platform used by the wider waste, recycling and resource management sector, maximizing efficiency and increasing profitability, the company says.
AMCS’ existing portfolio will be further strengthened by Recy’s world-class suite of software, including its state-of-the-art functionality for managing complex stock inventory and valuation requirements, the company says. “Recy’s sector-specific model ensures that its products are designed exclusively for the waste, recycling and material trading industry, covering steel scrap, nonferrous metals, paper, wood, glass, plastic, textiles and electronics,” AMCS adds.
“The global metal recycling market is certainly shaping up to be an exciting place in which to operate in the coming years,” AMCS CEO Jimmy Martin says. “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 platform that can meet the needs of customers across the globe. Now and in the future, Recy’s impressive customer base will add further scale to our business internationally, particularly in Germany and North America, and I am confident that customers existing and new will benefit from the integration of the two businesses.”
Regarding the company’s direction in Europe, Freddie Kavanagh, general manager Europe, Middle East and Africa and Australia-New Zealand, at AMCS, says, “I would like to take this opportunity to welcome Recy’s 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. Going forward, I am confident they will benefit from access to even broader and more powerful technology offerings, designed to improve their operational efficiency and aid their plans for future growth.”
Additionally, AMCS says the acquisition will deliver synergy with the Brady Recycling Solutions (SAI) business, purchased by AMCS 12 months earlier. In addition to adding more than 100 customers in North America, Europe and Australasia, the Brady acquisition also extended AMCS’ portfolio of solutions designed specifically for commercial scrap metal recycling operations, the company says.