Prometheus Group Acquires Tamarack, Bringing Data-Driven Procurement And Supply Chain Expertise To Asset-Intensive Industries

The acquisition adds strategic procurement, group purchasing, and supply chain optimization capabilities to the Prometheus Group platform, strengthening the connection between asset management and the sourcing of materials, spare parts, and services across asset-intensive industries

Prometheus Group, a global leader in enterprise asset management (EAM) software, announced its acquisition of Tamarack, a leading group purchasing organization (GPO) and strategic procurement platform serving asset-intensive industries. The acquisition extends Prometheus Group's platform beyond asset management and into the procurement and supply chain workflows that are critical to keeping operations running efficiently.

The combination brings together Prometheus Group's AI-enhanced EAM platform with Tamarack's deep procurement expertise and supplier network. Together, the companies will deliver an integrated experience that connects asset planning, maintenance execution, and procurement, helping customers source smarter, reduce costs, and improve operational performance across the full asset lifecycle.

"Procurement is where asset strategy meets operational reality, and it's a capability our customers have been asking us to address," said Eric Huang, CEO of Prometheus Group. "Tamarack has built an exceptional platform that delivers measurable savings to some of the most demanding industries in the world. By bringing Tamarack into the Prometheus Group family, we're closing a critical gap between asset management and procurement, giving our customers a more complete, data-driven view of their operations from planning through sourcing and execution."

Delivering Value Across the Asset Lifecycle
The acquisition delivers significant value for customers and stakeholders across both organizations. Prometheus Group gains a proven procurement and supply chain platform that deepens its presence in mining, utilities, and construction industries, where efficient sourcing of parts, materials, and services directly impacts safety, uptime, and profitability. Tamarack's members gain access to Prometheus Group's broader platform capabilities, including AI-powered analytics, enterprise resource planning (ERP) integrations with SAP, Oracle, and IBM Maximo, and a global support infrastructure.

Together, the combined platform will help asset-intensive organizations connect what they need to maintain and operate their assets directly to how they source and procure those materials, closing the loop between asset intelligence, work execution, and supply chain performance. This builds on Prometheus Group's track record of delivering integrated, closed-loop solutions across energy, oil and gas, chemicals, mining, manufacturing, and utilities.

"Joining Prometheus Group allows us to connect procurement directly to asset management and operational execution, something our members have long needed," said Ben-Schoeman Geldenhuys, CEO/Co-Founder of Tamarack. "We built Tamarack to bring the power of strategic group purchasing underpinned by data-driven procurement to industries that have an acute focus on security of supply and total cost of ownership. These industries benefit tremendously from the GPO model to support their internal teams. Together, we'll deliver a truly end-to-end platform that helps organizations not only manage their assets but also source the materials and services needed to keep them running at peak performance within a GPO environment."

Strategic Procurement for Asset-Intensive Operations
Tamarack's model is driven by its growing membership base of more than 50 operating sites, aligning sourcing strategies directly with the realities of mine and plant-level operations. Members access the Tamarack Contract Library of 60+ pre-negotiated supplier agreements across key spend categories, including maintenance, repair, and operations (MRO), fuels and propane, mobile equipment parts, energy, consumables, and site services.

By aggregating demand across its membership, Tamarack delivers stronger pricing, security of supply, improved supplier performance, and more reliable supply chains.

At its core, Tamarack enables members to access preferred commercial terms without compromising operational autonomy. This is supported by hands-on procurement advisory and execution, ensuring that negotiated value is delivered in practice. A key differentiator is Tamarack's focus on data integrity, analytics, and benchmarking, providing clear visibility into pricing, supplier performance, and cost position relative to the market and peers. Tamarack's disciplined approach to contract activation enables rapid and effective adoption of GPO agreements across member operations.

Financial terms of the acquisition are not being disclosed.