ERM Group, a pure play sustainability consultancy, has acquired Libryo, a compliance firm that runs a cloud-based Environmental Health & Safety (EHS) regulatory intelligence platform. Financial terms of the deal were not disclosed.
This is M&A deal number four that we have covered. See all sustainable technology M&A deals listed here.
Libryo, founded in 2016, is based in London. The company has 52 employees listed on LinkedIn as of December 2022. Libryo runs a global regulatory database that provides "up-to-date insights and notifications on changes in regulations around the world at country, regional and city level," the seller said. Libryo serves roughly 140 organizations and more than 14,000 end-users.
ERM, also based in London, was founded in 1971. The company has nearly 9,000 employees listed on LinkedIn as of December 2022. ERM positions itself as the world's largest pure-play sustainability consultancy.
The Libryo platform aligns with ERM's existing technology solutions -- such as:
- ESG Fusion, which allows private market investors to make better investment decisions faster.
- CRISP (Climate Risk, Impacts and Solutions Platform), which allows customers to analyze climate projections, identify financial risks, and pinpoint opportunities in a low-carbon economy.
- emissions.AI digital, an analytics system that identifies hidden operational inefficiencies to help decarbonize operations and reduce emissions, energy and fuel costs.