Energy and automation digital solutions provider Schneider Electric announced the acquisition of climate consulting and net zero solutions provider EcoAct.
Founded in 2006, Paris, France-based EcoAct provides services and solutions to help businesses implement positive change in response to climate and carbon-related challenges, while driving commercial performance. The company employs over 360 climate, carbon and energy-focused experts, and offers a portfolio of net zero and nature-based products and services, including consulting, climate data tools, and carbon offset project development.
Stuart Lemmon, CEO of EcoAct, said:
“Urgent climate action is at the heart of our mission, and I know we’ve found the right partner in Schneider Electric. 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.”
EcoAct was acquired by digital solutions provider Atos in 2020, and Schneider Electric announced in July 2023 that it had entered into negotiations with Atos for the acquisition. Schneider Electric said that the transaction will expand and accelerate its global Sustainability Business, enabling the company to provide end-to-end net zero transformation solutions. Schneider Electric’s Sustainability Business provides advisory services in the areas including energy management, energy efficiency, renewable energy and environmental commodity procurement, sustainability and net zero consulting, climate risk, sustainability communications, and reporting & disclosure.
Steve Wilhite, President of Schneider Electric’s Sustainability Business, said:
“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. 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.”