- EcoOnline and Alcumus are backed by Apax Partners
- Alcumus is a global firm that offers risk management products
- Apax Partners is global private equity firm headquartered in London
Apax Partners-backed EcoOnline has merged with the software division of fellow Apax portfolio firm Alcumus to create an environmental, health and safety (EHS) business technology company.
EcoOnline, headquartered in Oslo, Norway and established in 2000, develops software for creating safer and sustainable workplaces while ensuring compliance and environmental sustainability. The firm has a presence in the UK, Ireland, and the US.
Based in Cardiff, Alcumus is a global firm that offers risk management products. The firm has offices in the UK, North America, and New Zealand. Around 300 employees will join EcoOnline post the deal.
The acquisition will be the 12th by EcoOnline in the last four years.
Inflexion held a majority stake in Alcumus since 2015 and sold the firm for £600 million ($744 million; €682.6 million) to Apax Partners in 2022. The firm later made a minority investment in Alcumus through its Partnership Capital Fund. It is supporting the merger.
“As sustainability continues its climb up the business agenda, firms that can support companies on these journeys through EHS technology are increasingly important,” said David Whileman, head of partnership capital, Inflexion. “We are excited to be partnering with EcoOnline alongside Apax to create a new leader in this crucial area.”
Apax Partners is global private equity firm headquartered in London that invests in firms across technology, services, healthcare, and internet/consumer.
Inflexion, a mid-market private equity firm headquartered in London, invests £10 million to £400 million of equity in each deal.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: 
