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SAI360 set to acquire Evotix

06 June 2023

SAI360 HAS signed a definitive agreement to acquire environment, health, safety (EHS) and well-being software company Evotix.

The acquisition aligns with both companies’ commitment to strategic growth as a global leader in EHS and sustainability (EHS&S). The two companies span complementary markets, geographies and industries.

SAI360’s EHS&S customer base consists of global enterprises in high-risk industries including mining and metals, energy, utilities, construction and engineering. Evotix focuses on mid-market and lower enterprise companies in low to mid-risk industries including manufacturing, retail, food and beverage, housing and public service. Combined, they will create an end-to-end, mid-market to global enterprise provider with access to a broad suite of EHS&S product and service solutions.

Commenting on the agreement, SAI360 CEO Peter Granat said: “We conducted a robust review of strategic opportunities across the EHS&S software market and unanimously determined that Evotix’s impressive platform is a natural expansion with SAI360’s EHS&S business

“Additionally, Evotix’s values mirror SAI360’s commitment to providing innovative technology and exceptional service to protect the health and safety of employees and ensure sustainable operations.”

Evotix CEO Matthew Elson added: “The adjacencies between the two businesses will create a leading, world-class health, safety and sustainability solution. We can service any size client anywhere in the world, delivering health and safety expertise at scale and revolutionising the EHS&S industry."

Principal at STG Edouard Didier commented: "We look forward to welcoming the Evotix team to further enhance our health and safety portfolio, and help customers address their most pressing health and safety challenges, Evotix brings strength in the United States, the UK and other European countries to complement our already strong position in Europe, Americas and Asia. As a result, we’re expanding our global footprint to be where our clients want us to be and delivering a consistent, quality health and safety experience worldwide."

Verdantix CEO David Metcalfe added:“There is an excellent strategic fit between Evotix, which has been a rising star in the mid-market for many years, and the enterprise-class cloud software from SAI360. With the acquisition of Evotix, SAI360 gains impressive talent density in the EHS cloud software market which is a crucial building block for ESG digital platforms.”

William Blair served as exclusive financial advisor to Evotix, and PwC provided financial and tax vendor due diligence to support the transaction. Evotix had received backing from Mercia and Frog Capital.