RALEIGH, NC – 09/05/2026 – (SeaPRwire) – Prometheus Group has expanded its enterprise asset management capabilities through the acquisition of Tamarack, a procurement and supply chain solutions provider specializing in asset-intensive industries. The transaction marks a strategic move aimed at bridging operational asset management with procurement workflows, enabling organizations to better align maintenance planning, sourcing activities, and supply chain execution within a unified platform.
The acquisition combines Prometheus Group’s AI-enhanced enterprise asset management (EAM) technologies with Tamarack’s expertise in strategic sourcing, group purchasing, and supplier network management. By integrating procurement functions directly into asset operations, the combined organization seeks to help customers improve operational visibility, optimize sourcing strategies, and strengthen lifecycle performance across critical infrastructure and industrial environments.
Industry observers note that procurement has become increasingly important in sectors where equipment reliability, maintenance scheduling, and supply chain continuity directly influence productivity, safety, and profitability. The addition of Tamarack extends Prometheus Group’s capabilities beyond traditional EAM functionality and into procurement processes tied closely to operational execution.
Eric Huang, CEO of Prometheus Group, stated that the acquisition addresses growing customer demand for tighter integration between asset management and sourcing operations. He noted that Tamarack’s procurement platform and supplier ecosystem complement Prometheus Group’s broader strategy of delivering data-driven operational intelligence and end-to-end workflow visibility.
Under the combined structure, customers will gain access to integrated solutions connecting asset intelligence, maintenance execution, procurement management, and supply chain performance. Prometheus Group also expects the acquisition to strengthen its position within industries such as mining, utilities, construction, manufacturing, oil and gas, chemicals, and energy, where efficient sourcing of materials and services plays a critical operational role.
Tamarack members are expected to benefit from expanded access to Prometheus Group’s broader technology ecosystem, including AI-powered analytics, workflow automation tools, and enterprise resource planning integrations supporting platforms such as SAP, Oracle, and IBM Maximo. The combined organization also plans to leverage Prometheus Group’s global support infrastructure to enhance customer service and operational scalability.
Ben-Schoeman Geldenhuys, CEO and Co-Founder of Tamarack, said the integration creates opportunities to connect procurement activities more directly with operational asset strategies. He added that Tamarack’s focus on strategic group purchasing, supply security, and total cost optimization aligns closely with the operational needs of industrial organizations managing complex infrastructure and equipment environments.
Tamarack currently supports a growing network of more than 50 operating sites and provides members access to over 60 pre-negotiated supplier agreements covering maintenance, repair and operations (MRO), fuels, propane, mobile equipment parts, energy services, consumables, and site-related operational services. Through aggregated purchasing demand, the organization helps members improve pricing leverage, supplier reliability, and supply chain resilience.
The company’s procurement model also emphasizes data analytics, benchmarking, and contract execution support, allowing members to gain clearer visibility into market pricing, supplier performance, and overall procurement efficiency. Tamarack’s structured contract activation processes are designed to accelerate adoption of negotiated agreements across member operations while maintaining operational flexibility.
Financial details related to the acquisition were not disclosed.
About Prometheus Group
Prometheus Group is a global provider of enterprise asset management solutions that integrate with enterprise resource planning (ERP) systems. The company delivers AI-enhanced EAM technologies designed to help operational teams improve asset performance through connected asset intelligence, workflow automation, and integrated operational data.
About Tamarack
Tamarack is a procurement and supply chain solutions provider headquartered in Canada and the United States. The company specializes in supporting mining, oil and gas, industrial, and energy sectors across North America and international markets, including Africa, Europe, and South America. Operating through a group purchasing organization (GPO) model, Tamarack helps organizations reduce procurement costs, improve supply chain resilience, and enhance sourcing performance through data-driven procurement strategies and advisory services.