Add-on Acquisition • Software

Material Bank Acquires Amber Engine

On March 17, 2022, Material Bank acquired software company Amber Engine

Acquisition Context

This is Material Bank’s 1st transaction in the Software sector.
This is Material Bank’s 1st transaction in the United States.
This is Material Bank’s 1st transaction in Michigan.

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M&A Deal Summary
Date	March 17, 2022
Target	Amber Engine
Sector	Software
Buyer(s)	Material Bank
Deal Type	Add-on Acquisition

Target Company

Amber Engine

Detroit, Michigan, United States

Amber Engine is a revolutionary software development company with a mission to democratize the product information management (PIM) space. Amber Engine helps brands more easily and profitably sell on popular online marketplaces and through brick-and-mortar retailers. Amber Engine is based in Detroit, Michigan.

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Buyer Overview 1

Buyer

Material Bank

Boca Raton, Florida, United States

Category	Company
Founded	2018
Sector	Internet Software and Services

DESCRIPTION

Material Bank is a provider of the marketplace for searching, sampling, and specifying an architecture, design, and construction materials. The revolutionary platform powers complex searches across hundreds of brands in seconds. Material Bank was founded in 2018 and is based in Boca Raton, Florida.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
State: Michigan	1 of 1
Country: United States	1 of 1
Year: 2022	1 of 1

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