Schneider Electric finalizes acquisition of EcoAct
02 November 2023 - 8:45AM
Schneider Electric finalizes acquisition of EcoAct
Schneider Electric, the global leader in the digital
transformation of energy management and automation, announces that
subsequent to entering into exclusive negotiations with Atos Group
on July 3, 2023 it has finalized the acquisition of EcoAct SAS
(“EcoAct”), an international leader in climate consulting and net
zero solutions headquartered in Paris, France. The completion of
the transaction follows consultation with the relevant employee
representative bodies and approval from the competent regulatory
authorities.
The acquisition represents the coming together of two
best-in-class organizations to accelerate business solutions that
deliver true value for both climate and clients. EcoAct’s portfolio
of net zero and nature-based products and services, including
consulting, climate data tools, and carbon offset project
development, will expand and accelerate Schneider Electric’s global
Sustainability Business, a leading provider of advisory services in
the areas of energy management, energy efficiency, renewable energy
and environmental commodity procurement, sustainability and net
zero consulting, climate risk, sustainability communications, and
reporting & disclosure.
The joining of the two organizations expands Schneider
Electric’s capabilities to provide end-to-end solutions that lead
organizations through the net zero transformation and beyond. The
company’s advisory services support the development of
sustainability strategy and target setting through to
decarbonization across scope 1, 2, and 3, enhanced by its AI-led
portfolio of digital and data management tools.
“We have long admired the team at EcoAct, and bringing our two
organizations together will help us to accelerate the ability to
serve our clients all over the world,” said Steve Wilhite,
President, Sustainability Business. “Companies understand the
urgency to act but continue to face complexities when it comes to
decarbonization. I’m confident that our combined best-in-class
teams will help our clients to accelerate even faster towards their
net zero ambitions.”
“Urgent climate action is at the heart of our mission, and I
know we’ve found the right partner in Schneider Electric,” said
Stuart Lemmon, CEO of EcoAct. “The company’s own demonstrated
commitments to net zero – in its own operations and for its clients
– speaks loudly in the market, and our EcoActors are excited to
join together with another leading advisory team, putting climate
and nature center stage to accelerate sustainable corporate
transformation.”
Schneider Electric and the Atos Group have established a
foundation for a strategic partnership on decarbonization by
combining Technology and Sustainability expertise to build products
and solutions that enhance their customers’ paths to net zero.
More information about Schneider’s Sustainability Business can
be found here.
- Schneider Electric finalizes acquisition of EcoAct
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