(SeaPRwire) – RALEIGH, NC – 09/05/2026 – (SeaPRwire) – Prometheus Group has broadened its enterprise asset management offerings by acquiring Tamarack, a provider of procurement and supply chain solutions focused on asset-intensive industries. This strategic acquisition aims to connect operational asset management with procurement processes, allowing companies to more effectively align maintenance planning, sourcing decisions, and supply chain execution within a single platform.
The deal brings together Prometheus Group’s AI-driven enterprise asset management (EAM) technologies with Tamarack’s strengths in strategic sourcing, group purchasing, and supplier network oversight. By embedding procurement capabilities into asset operations, the merged entity seeks to help clients enhance operational transparency, refine sourcing approaches, and improve lifecycle outcomes across essential infrastructure and industrial settings.
Experts in the industry highlight that procurement has grown increasingly vital in sectors where equipment dependability, maintenance coordination, and supply chain consistency significantly affect productivity, safety, and profitability. Tamarack’s addition extends Prometheus Group’s reach beyond conventional EAM features and into procurement functions closely linked to day-to-day operations.
Eric Huang, CEO of Prometheus Group, explained that this acquisition responds to rising demand from customers for deeper integration between asset management and sourcing activities. He emphasized that Tamarack’s procurement platform and supplier network support Prometheus Group’s broader mission of delivering intelligent, data-powered operations and comprehensive workflow visibility.
Under the new structure, customers will gain access to unified solutions that link asset insights, maintenance execution, procurement oversight, and supply chain performance. Prometheus Group also anticipates strengthening its market presence in industries such as mining, utilities, construction, manufacturing, oil and gas, chemicals, and energy—where efficient material and service sourcing is crucial to operational success.
Tamarack members are expected to benefit from greater access to Prometheus Group’s expanded technology ecosystem, including AI-based analytics, automated workflows, and integrations with major enterprise resource planning platforms like SAP, Oracle, and IBM Maximo. The combined organization also intends to use Prometheus Group’s worldwide support infrastructure to improve customer service and boost operational scalability.
Ben-Schoeman Geldenhuys, CEO and Co-Founder of Tamarack, noted that the merger creates new opportunities to align procurement strategies more closely with core asset operations. He added that Tamarack’s emphasis on strategic group purchasing, supply security, and total cost optimization matches well with the operational priorities of industrial firms managing complex infrastructure and machinery portfolios.
Tamarack currently serves an expanding network of over 50 operating sites and offers members access to more than 60 pre-negotiated supplier agreements covering maintenance, repair and operations (MRO), fuels, propane, mobile equipment parts, energy services, consumables, and site-specific operational needs. Through consolidated purchasing volume, the organization helps members strengthen negotiating power, ensure supplier reliability, and build more resilient supply chains.
The company’s procurement framework also leverages data analytics, benchmarking tools, and contract administration support to give members clearer insight into market pricing, supplier effectiveness, and overall procurement efficiency. Tamarack’s structured contract activation protocols are designed to speed up adoption of negotiated deals across member organizations while preserving operational adaptability.
Details regarding the financial terms of the acquisition were not disclosed.
About Prometheus Group
Prometheus Group is a global leader in enterprise asset management solutions that seamlessly integrate with enterprise resource planning (ERP) systems. The company provides AI-enhanced EAM technologies aimed at helping operational teams boost asset performance through connected intelligence, process automation, and unified operational data.
About Tamarack
Tamarack is a procurement and supply chain solutions provider based in Canada and the United States. It specializes in supporting mining, oil and gas, industrial, and energy enterprises across North America and international markets—including Africa, Europe, and South America. Using a group purchasing organization (GPO) model, Tamarack assists organizations in lowering procurement expenses, increasing supply chain resilience, and improving sourcing effectiveness through analytics-driven procurement strategies and advisory expertise.
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