Schneider Electric makes bid to acquire Atos Group’s EcoAct sustainability consultancy business

Schneider Electric has entered into weird and wonderful negotiations with Atos Team about acquiring its environmental consultancy arm, EcoAct, as half of the energy management firm’s ongoing push to form out its sustainability trip.

Head-quartered in Europe and based in France in 2006, EcoAct payments itself as a world native weather consultancy and mission developer that advises enterprises worldwide on how to enact their catch-zero targets, assess their exposure to native weather risks and curb their greenhouse gas emissions.

Acquiring EcoAct will enable Schneider Electric to develop its have confidence world sustainability consulting alternate, the firm stated in a observation.

Meanwhile, Atos Team is in the center of a alternate transformation exercise that began in earnest in June 2022 and has seen it rob steps to divest itself of non-core alternate units, which is what EcoAct is idea of as to be.

Incidentally, Atos Team bought EcoAct for an undisclosed sum in October 2020, and confirmed in a separate observation that the firm generated earnings of roughly €70m for the length of the 2022 monetary year and currently employs around 400 of us.

“Upon the successful closing of the acquisition, the EcoAct crew would join Schneider’s Sustainability Switch division,” the Schneider observation continued.

“EcoAct’s portfolio of services would complement and deepen Schneider’s Sustainability Switch market-main affords, which consist of native weather change advisory and probability services, sustainability reporting and disclosure, renewable energy and carbon advisory, and a sequence of services for energy effectivity and energy commodities management.” 

Schneider Electric stated EcoAct has a portfolio of services and digital tools that can enhance and develop its current sustainability consulting capabilities, critically in Europe, including: “This ability acquisition moreover expands Schneider’s carbon markets trip, search recordsdata from for which is predicted to develop vastly as corporate commitments to decarbonisation continue.”

Schneider Electric is already extra than a decade into providing sustainability centered services to customers, having expanded its alternate into this field thru its acquisition of Summit Power Products and services in 2011.

Since then, the firm has embarked on a sequence of acquisitions to buildout its have confidence sustainability consulting alternate, including its purchases of M&C Power, Renewable Various Power and Zeigo.

In response to Schneider Electric, this half of its alternate has extra than 2,700 customers on its roster, proper thru 100 worldwide locations.

“Addressing native weather change is without doubt one of the principal pressing concerns with our time, yet we moreover know that the solutions for corporations will be complicated to navigate,” stated Steve Wilhite, president of the sustainability alternate at Schneider Electric.  

“By combining forces with EcoAct, we’ve got a probability to deepen our ability to support the rising search recordsdata from by our customers for consulting that drives action and impact, proper thru current provider areas and expanded geographies.”

“We’re very overjoyed with this proposed transaction, after which we might have confidence secured extra than 100% of our divestment program and delivered on our dedication. Our transformation map has already confirmed encouraging efficiency results, and we’ve got extra bolstered our customers’ self assurance in our ability to accompany them of their digital challenges” stated Diane Galbe, senior govt vice-president of Atos.

“Digitisation and decarbonisation are key for all businesses on the present time. Which potential future partnership with Schneider Electric we protect up for increasing forefront affords to promenade customers’ journeys to catch-zero.”

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