Abris Capital Partners (Abris), an ESG transformation specialist private equity investor, has supported GreenGroup, a circular economy specialist in Central Europe, in acquiring SIGAD, a Romanian developer of environmental reporting software.
The acquisition marks the launch of GreenGroup’s ‘Circular Innovations’ division, which will invest in start-up and scale-up companies with a significant contribution to developing the circular economy in Europe.
Central European investor Abris first invested in GreenGroup in 2016, and has since partnered with the firm’s management team to expand the business organically and through acquisition, and to build the leading circular economy player in Europe. The acquisition of SIGAD is another step forward for GreenGroup in targeting unique technology businesses that contribute to the goals of resource efficiency and reduction of global carbon emissions.
SIGAD is expected to become one of the largest providers of environmental software, non-financial reporting and ESG reporting solutions for large companies and SMEs in Romania and the Central Europe region. SIGAD will be integrated into the consolidated operations of GreenGroup.