Super Exit for HTGF: Quentic goes to AMCS
Bonn / Berlin — AMCS and Quentic announced that the companies have reached an agreement for the purchase of Quentic GmbH — a leading provider of EHSQ and ESG reporting — by AMCS. The acquisition is supported by AMCS’ investors, including Clearlake Capital Group, which is joining forces with AMCS for its next phase of growth. High-Tech Gründerfonds (HTGF) will sell its shares as part of the deal. For HTGF, it is one of the most profitable investments.
The parties have agreed not to disclose the financial terms of the transaction. The transaction is subject to regulatory approval and is expected to close in the coming weeks. Following regulatory approval, Quentic will become part of AMCS.
The transaction will give HTGF the third highest multiple in its fund history. The seed investor from Bonn had already invested in Quentic in 2008, accompanied it intensively for 14 years and was able to contribute significantly to the development of the start-up through close exchange. HTGF recognized the great market potential of EHSQ and ESG reporting early on. Investing in sustainable start-ups has been an important focus of the fund since the beginning: Quentic is a leading provider in the field of standardized software solutions for occupational safety, environmental management and sustainability.
AMCS is a leading global provider of integrated software and vehicle technology for the environment, recycling and resources sectors. As part of AMCS, Quentic’s market position is to be further expanded. AMCS is fully aligned with Quentic’s mission to enable organizations around the world to sustainably manage their people, business and environmental processes at all levels.
The sale is a milestone. The founding team already set the course in 2007/2008 with a view to cloud technologies, the SaaS business model and then visionary topics such as EHSQ and ESG. “I am very happy for the three founders, all of whom are still in operational roles, as well as all Quentic employees about this great success and of course to have experienced this long, as well as extremely successful journey together,” said Markus Kreßmann, Partner at HTGF
“HTGF accompanied us as an investor and strategic partner at a very early stage. For a software company like us, HTGF’s network and industry knowledge are very important. We thank them for their valuable cooperation and support!” Markus Becker, CEO and co-founder of Quentic
Quentic GmbH is a spin-off of the Berlin University of Applied Sciences and was supported in the early phase by an EXIST start-up grant from the German Federal Ministry of Economics and Technology. HTGF remained on board for several financing phases and supported the company in further follow-up financing.
Today, the company has 250 employees at over 14 locations throughout Europe. Its customers include more than 900 medium-sized companies as well as major global corporations.
Quentic is a leading Software as a Service (SaaS) solution provider for HSEQ and ESG management. The Quentic platform comprises ten individually combinable specialist modules and thus offers the best prerequisites for efficient management in the areas of occupational safety, risks & audits, events & observations, hazardous substances, control of work, legal compliance, online instructions, processes, environmental management and sustainability. They are complemented by the Quentic app for mobile reporting and by powerful analysis options, as well as clear and daily updated dashboards on HSEQ key data in Quentic Analytics. Over 900 customers have built their customized and powerful HSEQ management platform with Quentic software solutions, strengthening their organization’s sustainability-related Environment, Social and Governance (ESG) responsibility areas. The integrative software is suitable to support complete management systems according to ISO 14001, ISO 50001 and ISO 45001.
Quentic is headquartered in Berlin, Germany, and employs more than 250 people. Subsidiaries are located in Germany, Austria, Switzerland, Finland, Sweden, Denmark, Belgium, the Netherlands, France, Spain and Italy.