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M&A
Tennaxia acquires Traace to develop advanced carbon accounting platform
Carbon Management Software
May 30, 2024
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Carbon Management Software

Carbon Management Software

May 30, 2024

Tennaxia acquires Traace to develop advanced carbon accounting platform

M&A

  • Traace, a French carbon management company, has been acquired by Tennaxia, a French software provider of ESG and HSE (Health, Safety, and Environment) solutions. The financial terms of the transaction were not disclosed.

  • The acquisition combines Tennaxia's ESG and HSE expertise and extra-financial performance management solution with Traace's carbon footprint management capabilities to create a European leader in sustainability software. 

  • Tennaxia’s major customers, such as Axa, Schneider, Sanofi, Eiffage, Arkea, and Pierre Fabre, will benefit from this comprehensive platform in an increasingly stringent regulatory environment, in particular with the implementation of the Corporate Sustainability Reporting Directive (CSRD). 

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