- Normative has acquired Eivee, a premier carbon accounting solution provider in Denmark. - The terms of the transaction have not been disclosed. - This acquisition strengthens Normative’s leadership in the Nordic carbon accounting market. - Integrating Eivee’s expertise and client base allows Normative to expand its market reach. - The move enhances Normative's ability to serve major corporations in Europe comprehensively. - Eivee's customers include some of Denmark's largest companies who will now have access to Normative’s platform. - Normative aims to streamline carbon emissions collection, reporting, and understanding for its new clients. - The acquisition enhances Normative’s ability to provide expert, tailored carbon guidance by region and industry. - It also reinforces Normative's commitment to localized carbon accounting solutions across Europe. - The deal addresses challenges related to the Corporate Sustainability Reporting Directive for their customers. - Normative's client base expands to include influential Danish companies. - It reinforces Normative's position in providing comprehensive carbon accounting and reduction solutions. - Normative demonstrates its capability to offer tailored, audit-ready solutions supported by expert guidance. - The acquisition furthers Normative’s mission to lead in CSRD compliance. - Eivee clients will benefit from Normative's extensive experience and robust carbon accounting platform. - Normative's in-house climate experts will provide unparalleled resources and expertise in emissions reduction.

Normative expands Nordic carbon accounting leadership with acquisition of Eivee

5 Nov 2024

Acquisition of the carbon accounting solution provider strengthens Normative’s foothold in Denmark

We can announce Normative’s acquisition of Eivee, a premier carbon accounting solution provider serving some of Denmark’s largest companies. The terms of the transaction are not disclosed.

This move solidifies our position as the major carbon accounting solution in the Nordics. By integrating Eivee’s vertical expertise and strong Danish client base, we significantly expand our market reach at Normative, and enhance our ability to serve major corporations across Europe with a complete solution for carbon accounting, reductions and compliance.

We are thrilled to welcome Eivee’s customers, including some of Denmark’s largest companies, to join the hundreds of Nordic, EU, and UK customers who already trust our proven track record in carbon accounting and compliance. We have already started work with them on streamlining how they collect, report, and understand their carbon emissions through our carbon accounting platform and our in-house Climate Strategy Advisors.Kristian Rönn, CEO and Co-founder, Normative

The acquisition further enhances our ability to provide expert carbon guidance to businesses, tailored by region and industry.

This acquisition not only strengthens our foothold in Denmark but also reinforces our commitment to providing unparalleled, localised carbon accounting solutions across Europe. Such a tailored approach is essential for businesses contending with country-specific implementations of legislation such as the Corporate Sustainability Reporting Directive. This deal allows us to combine our strengths with Eivee’s to tackle this challenge for our customers – simplifying compliance and transforming reporting into real emissions reductions.Kasper Hulthin, Chairman of the board at Normative

The acquisition of Eivee will:

Expand Normative’s client base to include some of Denmark’s most influential companies
Reinforce Normative’s leadership in providing comprehensive carbon accounting and reduction solutions in the Nordic market
Demonstrate Normative’s capability to offer tailored, compliant, and audit-ready solutions supported by expert guidance, for major corporations across the EU and UK
Further Normative’s mission to be the market leader in CSRD compliance

Joining Normative opens up exciting possibilities for our clients. Normative’s extensive experience serving hundreds of companies across the Nordics, EU, and UK, combined with their unique approach of pairing a robust carbon accounting platform with in-house climate experts, will provide our customers with unparalleled resources and expertise in carbon accounting and emissions reduction.Thomas Zeihlund, CEO of Eivee