The ASX-listed Envirosuite (ASX: EVS), a provider of the comprehensive real-time monitoring, investigative and predictive environmental management software, says the acquisition will further bolster its existing technology platform offering and enable it to compete more effectively on a global scale through a product platform that will integrate the best of both organisations’ feature functionality.
Peter White, chief executive, Envirosuite, said the addition of Odotech would add a depth of experience and expertise of industries where odour is a major cause of environmental issues and complaints – particularly in the wastewater, composting, pulp and paper sectors as well as municipal services.
“The acquisition represents a major step up for Envirosuite. The acquisition will further build on our strategy in environmental management best practice with Odotech providing us with expanded functionality and the potential for a material increase in our customer base as well as new strategic partner relationships to enhance our business,” White said.
White noted that Envirosuite was already the environmental management system of choice for global mining companies like BHP and AngloAmerican, and for Thames Water, the largest water utility in Europe. The company has also recently been awarded contracts for air quality monitoring in both San Francisco and Los Angeles from the air quality regulatory bodies for those regions.
With the merger, Envirosuite will have its product development team based in both Brisbane and Montreal, while Odotech’s sales and support functions in Canada and Chile will integrate with the existing global Envirosuite sales and marketing team.
“Together with our new colleagues from Odotech, we are committed to providing world-leading environmental management solutions to industry, community and governments and we are well placed to capitalise on the building groundswell of interest in air quality management that we are seeing across the globe," White said.