thinkstep shareholders sign agreement to sell thinkstep to Sphera, a global provider of Integrated Risk Management software and information services with a focus on Environmental Health & Safety, Operational Risk and Product Stewardship
Stuttgart (July 29, 2019) – thinkstep, a Stuttgart, Germany based software and consulting services company that specializes in Corporate Sustainability and Product Stewardship, and Sphera, a global provider of Integrated Risk Management Software and Information Services with a focus on Environmental Health & Safety, Operational Risk and Product Stewardship, announce they have entered into an agreement for Sphera to acquire thinkstep. The deal is pending the standard German regulatory approvals for mergers and acquisitions.
In recent years, thinkstep successfully transformed its business model into a Software-as-a-Service-based solution by following an attractive growth trajectory. Combined with thinkstep’s exceptional client base, this transition allowed it to take a major step forward in the company´s development.
“thinkstep’s cloud-based and on-premise software, data and expertise in the corporate sustainability and product stewardship markets advance our mission of creating a safer, more sustainable and productive world,” said Paul Marushka, Sphera’s president and CEO. “thinkstep’s presence in EMEA and APAC extends our geographic footprint in serving our global customer base.”
thinkstep’s corporate sustainability software, implementation and consulting services simplify enterprise-wide sustainability reporting, risk management, audits, strategy and resource optimization. The company’s product stewardship software and consulting services assist in designing more sustainable products and in managing product compliance across the lifecycle.
“thinkstep offers our clients more than 30 years of experience in the field of sustainability,” said Jan Poulsen, thinkstep’s CEO. “Adding our advanced software solutions, extensive LCA and eco-profile databases and sustainability expertise to Sphera’s Environmental Health & Safety solutions is a very attractive business combination that will allow us to serve our extensive client base more broadly going forward. We are excited to be joining Sphera and thank our former partners Gimv and Next47 for their support over the past 9 years.”
Terms of the pending deal were not disclosed. This press release contains projections and other forward-looking statements regarding future events.
thinkstep, headquartered in Stuttgart, Germany, enables organizations worldwide to succeed sustainably. thinkstep’s software solutions, databases and consulting services help businesses drive operational excellence, exploit product innovation potential, enhance brand values and comply with regulatory issues. With more than 20 locations worldwide, the company has served in excess of 8,000 clients.
Sphera is a global provider of Integrated Risk Management software and information services with a focus on Environmental Health & Safety (EHS), Operational Risk and Product Stewardship. For more than 30 years, Sphera has advanced Operational Excellence by serving more than 3,000 customers and over 1 million individual users across 70-plus countries to create a safer, more sustainable and productive world.
Gimv is a European investment company, listed on Euronext Brussels, with almost 40 years' experience in private equity. The company currently has a portfolio of EUR 1.1 billion in investments in around 50 portfolio companies, with a combined turnover of EUR 2.75 billion and 14,000 employees. As a recognized market leader in selected investment platforms, Gimv identifies entrepreneurial, innovative companies with high growth potential and supports them in their transformation into market leaders.
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