Canaccord Genuity Acts as Exclusive Financial Advisor to Utility Cloud, a Leading Software and Solutions Provider in the Critical Infrastructure Industry in the Water Utility Compliance, Wastewater, Power and Natural Gas industries, on its Acquisition by AMCS
On September 13, 2022, Advanced Manufacturing Control Systems (“AMCS”) headquartered in Limerick, Ireland and the leading global supplier of integrated software and vehicle technology for the environmental, recycling, and resources industries, announced that it has acquired Utility Cloud, a leading U.S.-based utility operations management platform for an undisclosed amount. This acquisition expands AMCS’ strategy to bring technologies to utility customers to help them sustainably manage resources, increase productivity, and enhance their bottom line while improving customer satisfaction.
Utility Cloud provides operations management software to critical infrastructures in the water utility compliance, wastewater, power and natural gas industries. The company’s fully-integrated software platform is designed to solve complex asset management cases and improve operational efficiency for utilities. Powerful and highly configurable, Utility Cloud lets you automate workflows, track asset health, streamline reporting, avoid errors from manual data collection and stay compliant – quicker and more accurately than ever before.
AMCS is headquartered in Limerick, Ireland with offices in North America, Europe, and Australia employing over 1,000 people across 18 countries. AMCS is a global leader of integrated software and vehicle technology for the environmental, recycling, and resource industries and offers optimization solutions to the broader transport and logistics market. AMCS helps over 4,000 customers globally to reduce their operating costs, increase asset utilization, optimize margins, and improve customer service.
The Canaccord Genuity team consisted of Andrew Pojani, Wesley Rossiter, and Robert McElligott with support from the Sustainability team including Dan Coyne and Marc Marano.