Sustainability software company: Sphera acquires thinkstep from Gimv and Next47
Stuttgart/ Chicago — Sphera, a global provider of integrated risk management software and information services focused on environmental health and safety, operational risk and product stewardship, announces the signing of an agreement to acquire thinkstep from the previous private equity investors Gimv and Next47 known, Thinkstep is a software and consulting services company based in Stuttgart, Germany, specializing in corporate sustainability and product stewardship. — The closing of the transaction is subject to customary German regulatory approvals for mergers and acquisitions.
thinkstep has successfully transformed its business model into Software-as-a-Service over the past few years and has seen attractive growth. Combined with thinkstep’s outstanding customer base, this transition enabled a significant step forward in the company’s development.
“thinkstep’s software (in the cloud and on-premise), their data and expertise in the corporate sustainability and product stewardship markets, advance our goal of creating a safer, more sustainable and more productive world,” said Paul Marushka, president and CEO of Sphera. “thinkstep’s presence in the EMEA and APAC regions expands our geographic reach and allows us to better serve our global customer base.”
thinkstep’s enterprise sustainability software, implementation and consulting services simplify sustainability reporting, risk management, auditing, strategy and resource optimization across the enterprise. The company’s product stewardship software and consulting services help design more sustainable products and manage product compliance throughout the cycle.
“thinkstep offers clients more than 30 years of experience in the field of sustainability,” said Jan Poulsen, CEO of thinkstep. “Adding our advanced software solutions, extensive LCA and ecological profile databases, and sustainability expertise to Sphera’s environmental health and safety products makes for a highly attractive business combination that will allow us to more fully serve our extensive customer base in the future. We are delighted to become part of Sphera and thank our former partners Gimv and Next47 for their expertise and strategic support in the development of our business model.
Sphera is a global provider of integrated risk management software and information services focused on environment, health and safety (EHS), operational risk and product stewardship. Serving over 3,000 customers and more than 1 million unique users in over 70 countries, the company has been committed to creating a safer, more sustainable and more productive world by improving operational excellence for more than 30 years.
Information about thinkstep
Stuttgart-based thinkstep enables companies around the world to succeed with sustainability. thinkstep’s software products, databases and consulting services help companies achieve operational excellence, exploit product innovation potential, increase brand value and comply with regulatory requirements. The company’s 20 offices around the world serve over 8,000 clients.
Gimv is a European investment company with almost 40 years of experience in private equity and is listed on Euronext Brussels. The company currently manages a portfolio of investments of EUR 1.1 billion in approximately 50 portfolio companies. Total sales amount to EUR 2.75 billion with 14,000 employees. As a recognized market leader for selected investment platforms, Gimv finds innovative, dynamic companies with high growth potential and supports them on their way to market leadership. Gimv’s four investment platforms are Connected Consumer, Health & Care, Smart Industries and Sustainable Cities. Each platform has an experienced team in Gimv’s home markets — the Benelux, France and DACH — and is supported by an extensive international network of experts. For more information about Gimv, visit www.gimv.com.
Next47 is a global venture capital firm of Siemens that invests in and partners with companies that think big and build companies that define their industries. Next47 has offices in Boston, Beijing, London, Munich, Paris, Palo Alto and Stockholm. The company provides startups with unique access to one of the world’s largest portfolios of customers in the industrial, energy and infrastructure sectors, as well as relevant background technology expertise relevant to these customers. For more information about Next47, visit https://next47.com/