A Nasdaq-listed UK company has acquired EnviroTech firm Plan A for €80 million (£70m).
Diginex, headquartered in London, is a leading provider of sustainability RegTech and data management solutions.
It has agreed the deal for Berlin-based Plan A, led by founder and CEO Lubomila Jordanova – a judge on BusinessCloud’s EnviroTech 50 ranking, and also co-founder of the GreenTech Alliance – to create one of Europe’s leading green technology platforms.
The total figure includes a €25m earnout.
It combines Diginex’s ESG reporting capabilities, spanning 19 global frameworks, with Plan A’s carbon accounting and decarbonisation technology.
The combined business will deliver a single platform to expand beyond existing strategic relationships, including HSBC, Coca Cola, Visa, and BMW.
The initial deal, for €3m in cash and Diginex shares valued at €52m, is for 100% of Plan A. It sees Visa and Deutsche Bank join as shareholders.
“Joining forces with Diginex represents a definitive shift for our industry,” said Jordanova. “For too long, the market has remained deeply fragmented, forcing businesses to manage disparate, siloed solutions for supply chain transparency, ESG reporting, carbon accounting, and decarbonisation.
“By unifying Plan A’s high-precision decarbonization technology with Diginex’s RegTech and regulatory expertise, we will be able to deliver a single, sophisticated platform that transforms fragmented data into measurable climate impact and clear financial ROI.”
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Miles Pelham, chairman of Diginex, added: “The acquisition of Plan A marks a transformative milestone in delivering the most advanced, user-friendly sustainability platform available.
“The synergy between our ESG tools and Plan A’s carbon expertise will empower businesses worldwide to navigate increasingly complex regulations and achieve meaningful data-driven progress toward sustainability goals and financial objectives.”