The Carlyle Group to acquire a majority stake in ENVEA for $117m.

The Carlyle Group offered to acquire a 55.8% stake in ENVEA, a manufacturer of ambient, emission and process monitoring systems, for $117m. The offer represents an 8.9% premium to the last closing market price. "ENVEA's monitoring solutions are sold in over 70 countries. The company has development potential in less equipped regions such as India and China as well as with its blue-chip clients – notably in Europe, thanks to tighter regulation on pollutants worldwide. This proposed deal will give ENVEA more flexibility to implement its long-term strategy, while also limiting the constraints created by Covid-19 development in the near future," ENVEA.