EcoOnline acquires Airsweb to fuel further growth

200225 (Göran Lindö)

EcoOnline expands and strengthens its comprehensive and easy to use health and safety Software as a Service (SaaS) solutions by acquiring Airsweb – a leading provider of premium Environmental, Health and Safety (EHS) software to large enterprise customers. Together, EcoOnline and Airsweb will be a leading EHS SaaS supplier for all customer sizes in Northern Europe.

Airsweb is based in the UK. Their multi-country cloud-based platform AVA is designed for rapid deployment and known for its simplicity, configurability and ease of use. Airsweb have more than 90 large enterprise clients, with the total of 500,000 users globally.

EcoOnline have a leading position and offering within chemical management for SMB’s and large customer segments while Airsweb is strong in health and safety management for enterprise customers. Airsweb will furthermore significantly strengthen EcoOnline’s UK position. Göran Lindö, EcoOnline CEO is convinced that the two companies have a perfect match:

–We have followed Airsweb for some time, and we are very impressed with their growth and the customers they have been able to attract without any external capital, even during Covid-19. Furthermore, Airsweb’s technology capability and platform are state-of-the-art. Joining forces with Airsweb will enable EcoOnline to strengthen our offering towards enterprise customers and secure one of the leading positions in the UK. We also truly share the same vision to make every workplace safer, healthier and more sustainable, with simple to use and flexible SaaS tools, says Lindö.

Mark Swithenbank, Managing Director at Airsweb belives that the strong cultural fit and complimentary product sets will be leveraged for the benefit of all customers:

–Airsweb is delighted to be joining EcoOnline. EcoOnline is a fast growing, strongly backed software vendor that share our vision for delivering innovative software solutions. Our combined software skills and experience will immediately enhance the product offering and increase capacity to develop new solutions. We are excited to become part of the team delivering the EcoOnline vision, Mark Swithenbank

A future-proof company

This acquisition is also in line with one of EcoOnline’s founding principles to be centered on its commitment to the United Nations Sustainable Development goals (SDG). EcoOnline contributes to good health and well-being (SDG 3) by facilitating a safer workplace through control and handling of chemicals and incidents. Handling chemicals correctly also reduces the negative environmental impact of hazardous emissions (SDG 12).

In 2017, capital investments from Summa Equity and Viking Venture lead to several add-on acquisitions allowing EcoOnline to greatly expand its footprint and product offering. In February 2020, EcoOnline secured new capital from Summa Equity’s Fund II and Goldman Sachs Merchant Banking Division, allowing for further product investment and growth.

–The acquisition of Airsweb is a major step in becoming the clear leader of HSEQ and chemical management software in Europe. Viking Venture have backed EcoOnline to become the Nordic leader and we will continue backing the company to strengthen its international footprint, says Jostein Vik, partner at Viking Venture and board member at EcoOnline.