Marlin Equity Partners-backed Tennaxia to acquire Traace.

Marlin Equity Partners-backed Tennaxia, a provider of software solutions for managing HSE and ESG performance in SaaS mode, agreed to acquire Traace, an advanced carbon accounting solution. Financial terms were not disclosed. “This acquisition enables us to offer our customers a comprehensive sustainable performance management platform, with advanced carbon footprint management functionalities, in a market in constant evolution. As our customers focus on the transition to sustainable business models, notably driven by the Corporate Sustainability Reporting Directive , they increasingly need an overview of their emissions and the tools to effectively reduce their environmental footprint. This combination will enable companies to approach all ESG aspects with the same depth, rigor and ambitions. Our two companies are customer-focused, and our platforms share the same vision: enabling organizations to evolve, not only to comply, but also to act, in order to transform themselves. Beyond the obvious complementarity of our expertise, it was this common alignment of vision that attracted us,” Bernard Fort, Tennaxia CEO.