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Energy administration big Schneider Electric has entered into unique negotiations with Atos Group about buying the sustainability consultancy business it obtained in 2020
By
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Caroline Donnelly,
Senior Editor, UK
Published: 06 Jul 2023 12:15
Schneider Electric has entered into unique negotiations with Atos Group about buying its environmental consultancy arm, EcoAct, as a part of the vitality administration agency’s ongoing push to construct out its sustainability experience.
Head-quartered in Europe and based in France in 2006, EcoAct payments itself as a world local weather consultancy and undertaking developer that advises enterprises worldwide on how to obtain their net-zero objectives, assess their publicity to local weather dangers and curb their greenhouse gasoline emissions.
Acquiring EcoAct will allow Schneider Electric to increase its personal world sustainability consulting business, the corporate mentioned in a press release.
Meanwhile, Atos Group is within the midst of a business transformation train that started in earnest in June 2022 and has seen it take steps to divest itself of non-core business models, which is what EcoAct is taken into account to be.
Incidentally, Atos Group acquired EcoAct for an undisclosed sum in October 2020, and confirmed in a separate assertion that the agency generated income of roughly €70m throughout the 2022 monetary yr and presently employs round 400 individuals.
“Upon the successful closing of the acquisition, the EcoAct team would join Schneider’s Sustainability Business division,” the Schneider assertion continued.
“EcoAct’s portfolio of services would complement and deepen Schneider’s Sustainability Business market-leading offers, which include climate change advisory and risk services, sustainability reporting and disclosure, renewable energy and carbon advisory, and a suite of services for energy efficiency and energy commodities management.”
Schneider Electric mentioned EcoAct has a portfolio of providers and digital instruments that can improve and increase its present sustainability consulting capabilities, significantly in Europe, including: “This potential acquisition also expands Schneider’s carbon markets expertise, demand for which is expected to grow significantly as corporate commitments to decarbonisation continue.”
Schneider Electric is already greater than a decade into offering sustainability targeted providers to shoppers, having expanded its business into this subject via its acquisition of Summit Energy Services in 2011.
Since then, the corporate has launched into a collection of acquisitions to buildout its personal sustainability consulting business, together with its purchases of M&C Energy, Renewable Choice Energy and Zeigo.
According to Schneider Electric, this a part of its business has greater than 2,700 shoppers on its roster, throughout 100 international locations.
“Addressing climate change is one of the most pressing issues of our time, yet we also know that the solutions for companies can be complex to navigate,” mentioned Steve Wilhite, president of the sustainability business at Schneider Electric.
“By combining forces with EcoAct, we have an opportunity to deepen our ability to serve the growing demand by our clients for consulting that drives action and impact, across new service areas and expanded geographies.”
“We are very pleased with this proposed transaction, after which we would have secured more than 100% of our divestment program and delivered on our commitment. Our transformation plan has already showed encouraging performance results, and we have further reinforced our clients’ confidence in our ability to accompany them in their digital challenges” mentioned Diane Galbe, senior government vice-president of Atos.
“Digitisation and decarbonisation are key for all businesses today. Thanks to this future partnership with Schneider Electric we look forward to developing leading edge offers to accelerate customers’ journeys to net-zero.”
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…. to be continued
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