How can we help?

It’s time to dive into the second part of our series! Find out the essential elements you should look out for to help you drive safety performance and reach operational excellence in asset inspection at your organization. We know picking the right system can be difficult, so we’ve asked our…

Calculating your lost time injury frequency rates is essential to assessing your organization’s safety performance.

What are the leading indicators in safety? In the world of health and safety, it’s no secret that tracking leading indicators  is a much more effective practice for managing a worldclass safety program than focusing entirely on lagging indicators.  But first, let’s start with the basics: what are leading indicators? A leading indicator…

It is crucial, now more than ever, to think about getting your Certificate of Recognition (COR). This entails compliance with the basic standards set by the specific area your organization is located in, inside Canada. With the health and safety landscape shifting on a global scale, it’s time to…

When considering how to apply best practices to your company’s safety management, it’s impossible to ignore the importance of leading indicators. However, few mid-sized organizations are able to successfully make use of leading indicators within their regular processes as a method of continuous improvement. According to the National Safety Council and…

We’re at a turning point in Canadian history. The cannabis industry is booming, medical marijuana usage is at an all-time high, public perception is shifting and pundits predict a future that will include marijuana legalization across the board. But easier access and rising cannabis usage creates a new set of…

  The investment will be made through the acquisition of shares from existing shareholders and a rights issue of NOK 22m. After the transaction, Summa will own 69% of the shares while Viking Venture retains 23%. The remaining 8% is owned by management and employees. Partner in Summa Equity, Christian Melby, has already managed to become familiar with EcoOnline and its customers’ challenges. “Nearly all sectors use chemicals and are thereby required to comply with universal legislation and ensure health and safety for employees. Many companies are not adequately and safely managing their chemicals today and we believe EcoOnline’s purpose-built software helps solve this problem. EcoOnline is the best software solution on the Nordic market and we are impressed with the management team and their ability to develop and grow this business. We will continue to expand in the Nordics as well as selected other geographical markets,” says Melby.   Unique platform Since inception, EcoOnline has developed into a state of the art SaaS provider with high recurring revenues from a large and diverse customer base comprising more than 4,000 customers in all relevant industries and public sectors in Norway, Sweden, Finland and Denmark. EcoOnline’s platform ensures compliance against European legislation across the safety data sheet chain, from producers to end-users, offering strong benefits for customers in both ends of the spectrum. EcoOnline’s software solution also provides companies with chemical risk assessments and documents to conduct preventative measures.   A global tailwind EcoOnline is expected to benefit from global tailwinds such as increasing regulatory requirements for chemical management and rise in environmentally focused companies. Øyvind Robert Thorsen, CEO of EcoOnline, believes the time has come to expand to the European market. “Thanks to Summa Equity’s and Viking Venture´s funding and commitment to EcoOnline, we can continue with our growth strategy and bring our services to a market which holds large potential for software adoption. Our goal is to become the European health, safety and environment thought leader, and help companies understand their chemical exposure and how to reduce harmful substances”, says Thorsen. EcoOnline has 85 employees and is headquartered in Tønsberg, Norway, with offices in Sweden, Denmark and Finland. EcoOnline is in an expansive growth phase and saw revenues grow 30% to NOK 88m in 2016.   About Summa Equity Summa Equity was formed in 2016 by partners with a shared vision of building a leading specialised private equity firm in the Nordic lower mid-market, positioned to capture the investment opportunity provided by the thematic megatrends expected to drive growth over the long term. The firm focuses on sectors related to four megatrend-driven themes: resource scarcity, energy efficiency, changing demographics and tech-enabled businesses. Summa Equity closed its first fund in February 2017 with commitments of SEK 4.5 billion   About Viking Venture Viking Venture is a leading Nordic venture fund focused on B2B software companies with a recurring revenue business model. Viking Venture has invested in more than 40 companies and has more than 1.7 billion NOK under management. The company is located in Trondheim, Norway and London. More information on www.vikingventure.com.

Leading indicators can provide EHS teams with deep insights into the strengths and weaknesses of our health and safety programs, but when it comes to implementing and measuring them, many questions still remain. We’ve compiled the top five questions EHS Directors ask our CEO most often about leading indicators and…

The food and beverage industry is recognized as the largest manufacturing industry in both the UK and Ireland with an estimated turnover of over £95 billion and employs approximately 400,000 people.

EcoOnline extends service offering by acquiring HSEQ software and consulting company, 3T Results Ltd.   EcoOnline, a specialist in chemical documentation management software and services, has acquired Finnish based occupational safety and Health software and consulting company 3T Results Ltd.   With this acquisition, EcoOnline will be able to provide customers service and software solutions covering chemical safety management, as well as occupational health, quality and environmental management. “For our Finnish customers the acquisition enables a wide range of HSEQ services as a complete solution, including the software solutions, expert services and training. By combining the forces of two leading industry players, we will serve Finnish chemical users, manufacturers and suppliers more effectively”, says CEO of EcoOnline Group Øyvind Thorsen. “Our HSEQ Online cloud service users have been interested in better management of Safety Data Sheets and overall management of chemical safety. In our discussions with EcoOnline we realized quickly that joining forces would bring customers of both parties the most value. Together we can also serve better our international customers and speed up our expansion into new markets”, says CEO of 3T Results Ltd Marko Vuorinen.   More information: Øyvind Robert Thorsen, CEO, EcoOnline Group, Mob: +47 90824055, Email:[email protected]   Marko Vuorinen, CEO, 3T Ratkaisut Oy, Mob: +358 40 517 7675 Email: [email protected]   3T Results Ltd helps you to work effectively in managing your workplace safety, working conditions and productivity. 3T’s solutions combine the validated methods and procedures with modern technology. HSEQ Online Cloud Service can ensure compliance with statutory obligations and management systems. In addition, the company provides training for employees by more than 100 digital educational material libraries, supervisor training and company specific expert services. In 2016, turnover was €1.2 m with 14 employees.   EcoOnline is the leading Nordic IT firm dedicated to developing software to make management and documentation of chemicals as user-friendly and cost-efficient as possible. Producers, resellers and distributors of chemicals are linked up with those who manage chemicals in a single common database. The database enables the sharing of legally required data on hazardous properties, and the recommended precautionary measures to be adopted when using chemicals and chemical products. In 2016, turnover of EcoOnline Group was €9.1 m with almost 100 employees.