Norway-based EcoOnline, a leading Environmental, Health, Safety and Quality (EHSQ) software provider, announced it has signed a definitive agreement to acquire Edinburgh-based Ecometrica, a global ESG and sustainability software firm.

Ecometrica is a sustainability software company that has been offering climate accounting and reporting solutions since 2008, enabling companies to comply with the latest legislation.

“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,” said EcoOnline.

“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.”

EcoOnline chairman Chris Joseph said: “The acquisition of Ecometrica provides a robust addition to our suite of solutions at EcoOnline.

“We know EHS data plays a critical role in ESG performance reporting, and many organisations currently struggle to bring a unified data strategy together.

“Our goal is to offer a holistic approach to ESG management, providing our clients with comprehensive solutions to manage, report, and deliver healthier, safer, and more responsible business.” 

Ecometrica chairman and co-founder Richard Tipper said: “We were immediately struck by the complementary nature of the EcoOnline and Ecometrica product suites.

“The combined entity will have an unrivalled depth and breadth of service offerings on health, safety, and ESG to bring the best-in-class sustainability reporting to the EcoOnline product suite.

“This comes at an ideal time for regulations coming into place in North America and Europe.”