Poissy, France (09 July 2024) – ENVEA, a global leader in environmental management solutions, today announces it has acquired Airmodus, a leading manufacturer of nanoparticle detection systems for the environmental monitoring industry. The financial terms of the transactions were not disclosed.
Founded in 2010, Airmodus develops and manufactures nanoparticle detection systems and analysers. Its key products include Condensation Particle Counters (CPCs) and Particle Size Magnifiers (PSMs). It also provides a wide range of accessories for aerosol measurements, as well as maintenance and calibration services. Based in Helsinki, Finland, the company sells its products in 19 countries and has distributors in 30.
The acquisition will enable ENVEA to expand its product portfolio with a unique technology, which will be key for future regulations and expand its geographic footprint with an aerosol centre of excellence in Helsinki.
Trevor Sands, CEO of ENVEA, said: “We are thrilled to announce the acquisition of Airmodus, a leading manufacturer of nanoparticle detection systems. With the addition of Airmodus’ expertise and technology, we will be able to provide our customers with even more comprehensive environmental management solutions. We are excited to welcome the Airmodus team to the ENVEA family and look forward to working together to continue to drive innovation in the industry.”
Romain Azoulai, Director on the Carlyle Europe Technology Partners (“CETP”) advisory team, said: “This acquisition will significantly expand ENVEA’s R&D capabilities and product offering across nanoparticle technology, as well as further enhancing its position as a leading buy-and-build consolidation platform. Airmodus’ cutting-edge technology and expertise will enable ENVEA to develop new and innovative solutions for its customers, further strengthening its position as a global leader in environmental management solutions.”
Aki Pajunoja, CEO of Airmodus, said: “We are pleased to be joining the ENVEA family and are excited about the opportunity to further develop our technologies and product offering alongside the ENVEA team. This agreement will allow us to leverage our expertise and accelerate our growth plans, enabling us to play a greater part in contributing to cleaner and healthier environments globally.”
Airmodus is ENVEA’s fifth acquisition since Carlyle acquired a majority stake in the business in 2020.
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