Australian environmental monitoring company EnviroSuite has indicated its intent to focus on its software offerings with the announcement that it will be selling its entire Pacific Environment Consulting (PEC) practice to environmental and sustainability consulting group Environmental Resources Management (ERM).
The deal, worth A$15 million, will see all PEC staff transferred to ERM when it acquires the three PEC subsidiaries from the sale.
The remaining EnviroSuite team will focus exclusively on the global expansion of the company’s software services and ongoing feature development.
According to EnviroSuite, the sale of its consulting practice is a “natural extension of its strategy to become the world’ leading provider of software-as-a-service (SaaS) monitoring and operations management services for environmental management solutions.”
The cash funds to be obtained from the sale will go towards the investment towards sales, marketing and feature development of the EnviroSuite software platform, and to grow its employee and partner base.
The sale follows on the heels of the company’s recent establishment and growth of the sales and marketing teams in the USA and Europe.
The company is hoping to accelerate penetration in those regions, and recent contract wins such as an air quality monitoring gig in the Spanish port of Gijón puts the company on a positive trajectory towards growth.
ERM will also benefit from the purchase of EnviroSuite’s consulting team, with a number of current project opportunities already earmarked to include EnviroSuite’s services.
EnviroSuite managing director Robin Ormerod said in a statement: “Our market-leading consulting business becomes a valued part of a highly respected global group, offering exciting career opportunities for the team.
“For EnviroSuite, working with the global leader in environmental management is an exceptional distribution opportunity and one that we expect will be a game changer for our business locally.”
ERM’s CEO Keryn James added: “We have pursued this acquisition with great enthusiasm and we are confident that it will provide an opportunity to expand our respective offerings to existing clients, as well as a stronger capability and track record for us to pursue new clients in key markets together.”