Funds advised by Apax to buy Norway's EcoOnline

Funds advised by Apax Global Alpha have agreed to buy Norway’s EcoOnline for €12.3m, the company said on Tuesday.

EcoOnline is an environment, health and safety company developing software for creating safer and sustainable workplaces while ensuring compliance and environmental sustainability, Apax said, adding that it had a strong position in the Nordics, with growing presence in the UK, Ireland, and the US.

The company currently serves more than 7,000 customers across almost all sectors. Apax said the deal is expected to close in the second half of 2022, subject to shareholder and regulatory approvals.