ENVEA Announces Acquisition of APAQ Group

France, 08 May 2024 – ENVEA, a global leader in environmental management solutions, today announces it has acquired Asia Pacific Air Quality Group (APAQ Group). The financial terms of the transaction were not disclosed.

APAQ Group is a specialist air quality business based in Singapore. With clients across Asia, it offers planning, consultancy and integration services for ambient air and emission analysis systems. Its expertise includes the entire spectrum of air quality monitoring instrumentation, including gaseous pollutants, particulates, odour, Volatile Organic Compounds (VOC), as well as climate and meteorology. Headquartered in Singapore with offices in Indonesia, APAQ Group offers an attractive geographical footprint and opportunities throughout the region.

This acquisition is core to developing ENVEA’s presence and reach in Asia, and is complementary to its existing product portfolio, technology offering and customer base.

Trevor Sands, CEO of ENVEA, said: “We are pleased to announce this significant acquisition, expanding our footprint in Asia as well as our portfolio of environmental management solutions. APAQ Group is a high-quality business with strong management and well-established local teams, and we believe it will offer ENVEA a range of opportunities to expand significantly in the region. We look forward to welcoming the team to ENVEA as we continue our exciting growth journey globally.”

Cyril Bourdarot, Managing Director on the Carlyle Europe Technology Partners (CETP) advisory team, said: “This acquisition expands ENVEA’s presence across Asia, a key market for the business due to the growing demand for environmental management solutions. Following the recent acquisitions of CAI in the US and Hycontrol and CBISS in the UK, this deal further enhances ENVEA’s position as a leading buy-and-build consolidation platform globally in the highly fragmented environmental monitoring and data processing space, a key part of ESG trends globally.”

Attilio Poli, Managing Director at APAQ Group, said: “In ENVEA, we have found a strong partner with a world-class suite of technologies and products to support the growth and innovation of environmental management solutions in our markets. We have several markets with significant greenfield opportunities in Southeast Asia. We are excited by the prospect of collaborating to better serve our customers and contribute to cleaner and healthier environments globally. We look forward to working with Trevor and the team.”

APAQ Group is ENVEA’s fourth acquisition since Carlyle acquired a majority stake in the business in 2020.