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Ecoonline Announces Acquisition Of Ecometrica, A Leader In Climate Metrics And Esg Software

Jul 05, 2023over 2 years ago

Acquiring Company

EcoOnline

Acquired Company

Ecometrica

Oslo

Description

EcoOnline, a leading EHS and ESG software provider, today announced it has signed a definitive agreement to acquire Ecometrica, a global ESG and Sustainability software leader. This strategic acquisition increases EcoOnline's presence in the ESG market and further enhances the company's existing platform capabilities, solidifying its position as an ESG software market leader across Europe, the UK, and North America. Together, EcoOnline and Ecometrica will deliver a broad ESG solution with strong capabilities in Carbon Accounting, ESG Framework reporting, Climate Risk, Environmental Compliance and more, enabling companies to systematically work to reduce their environmental footprint and comply with existing and future regulations.

Company Information

Company

EcoOnline

Location

Oslo, Oslo, Norway

About

EcoOnline is a software company dedicated to making workplace safety and chemical management, as user-friendly and cost-efficient as possible. The company was founded in 2000 and currently has over 6000 customers and over 500 employees in Ireland, UK, US, Norway, Sweden, Denmark and Finland. Our mission is to provide best in class customer service, help our customers achieve user centricity and to develop future proof technology. We are focused on bringing to life a simple core idea: when workplace safety is so easy, it becomes a natural habit. So, the easier and more seamless we can make it for workers to understand and comply with safety procedures, the safer they become. EcoOnline, software for a safer workplace. Our two main products are Chemical Manager and EcoOnline EHS. Chemical Manager gives control back to those managing chemical safety by directly sourcing Safety Data Sheets from the manufacture on your behalf and supplying you with the tools to complete custom and relevant COSHH Risk assessments which will be complaint and also to ensure the safety of your employees. EcoOnline EHS is a comprehensive SaaS solution that gives you access to the tools you need to get on track with health and safety management. Plan, manage and implement, in a single, highly flexible tool designed to support the way you work. Build checklists, conduct inspections, assign actions and report accidents. Customise your own templates with our intuitive smartforms, or use one of the default templates made by EcoOnline’s experienced safety professionals.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed