Technology developer EnviroSuite has completed the sale of its entire consulting practice, Pacific Environment Consulting (PEC), to the world’s largest environmental consultant, Environmental Resources Management (ERM).
EnviroSuite, whose clients include Rio Tinto and BHP Billiton, is a global provider of monitoring and operational management software, which helps monitor and manage environmental demands in the mining industry,
The sale – worth $15 million – will raise capital for strengthening the company’s fundamentals and fund its growing international business activities.
“This is a transformational transaction for EnviroSuite as it becomes a focused, well-funded, global SaaS technology business,” said Robin Ormerod, EnviroSuite’s managing director.
“I would like to thank the staff of EnviroSuite, our legal advisers Addisons, and corporate advisers TMT Partners, for their assistance in the transaction. We look forward to working with ERM as one of our partners in the globalisation of the EnviroSuite platform.”
ERM is a global provider of environmental, health, safety, risk, social consulting and sustainability-related services.
The company has more than 160 offices in more than 40 countries and territories employing more than 4,500 people working on global projects.
ERM will refer to EnviroSuite’s technology as a comprehensive environmental monitoring solution for mining and utilities companies, government institutions and environmental projects.
Pacific Environment believes partnering with relevant and experienced off-shore companies should be a key strategy for any technology business while they are on the rise.
“Partnering with recognised industry incumbents in targeted geographic regions is the primary route to market for EnviroSuite in new territories,” said Ormerod.
“We consider that leveraging well-established client networks as well as local knowledge and expertise is an expeditious route to market for the EnviroSuite as we pursue growth of the platform.”