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M&A Deal Summary

Tennaxia Acquires Traace

On May 30, 2024, Tennaxia acquired internet software and services company Traace

Acquisition Highlights
  • This is Tennaxia’s 1st transaction in the Internet Software and Services sector.
  • This is Tennaxia’s 1st transaction in France.

M&A Deal Summary
Date 2024-05-30
Target Traace
Sector Internet Software and Services
Buyer(s) Tennaxia
Deal Type Add-on Acquisition

Target

Traace

Paris, France
Traace is a SaaS provider of carbon accounting and corporate social responsibility solutions. The company enables middle-market and enterprise businesses to effectively report their emissions, set reduction targets, and create detailed action plans while visualizing in real-time the future impact of specific measures on their forward emission curve. Traace is based in Paris.

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Buyer(S) 1

Buyer

Tennaxia

Changé, France
Category Company
Founded 2001
Sector Internet Software and Services
DESCRIPTION

Tennaxia is a publisher of SaaS solutions to help listed companies and SMEs/mid-market companies in France with their CSR strategies. The company's mission is to help clients managing their CSR performance (Corporate Social Responsibility), facilitating their HSE governance EHS governance (Environment, Health, and Safety), reducing EHS risks and costs, complying with their main regulatory obligations, and anticipate stakeholder expectations. Tennaxia was founded in 2001 and is based in Changé, France.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2024 M&A 1 of 1
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