EcoOnline expands and strengthens its comprehensive and easy to use chemical management SaaS solutions by acquiring Chymeia ApS - a Danish-based company providing a next generation software tool for safety data sheet authoring.
A safety data sheet (SDS) is a legally required document and the main source of information for employers and employees which outlines the hazards of chemicals and the risks they pose to people and the environment, as well as measures to control the risks.
“Safety data sheets authoring is a key part of EcoOnline’s product offering in chemical management, allowing customers who sell, distribute or manufacture chemicals to efficiently produce and update this key safety resource. ALMEGO is an efficient and intuitive authoring solution for safety data sheets; and an attractive add-on to EcoOnline’s chemical management solution. This acquisition confirms our continued commitment and leading expertise in the chemical management market,” says Göran Lindö, CEO at EcoOnline.
“This SaaS product has received exceptional critical acclaim and is supported by a highly competent team. The ALMEGO software will enhance EcoOnline’s already expansive chemical safety offerings and will be published in multiple languages in all markets. This acquisition is especially relevant for customers with international operations,” he adds.
Helping customers to comply with complex legislation
In accordance with the REACH Regulation all manufacturer or producer of hazardous substances must provide an SDS with any hazardous substances or chemicals. And, since the introduction of the Global Harmonizing System (GHS), a new structured, unified and standardized approach was introduced globally to ensure the safe use of chemicals.
ALMEGO is the culmination of more than a decade of experience and offers a high degree of automation supported by intuitive guidance enhancements, a flexible structure, and a modern user interface.
CEO of Chymeia, Johannes Jind
The founder and CEO of Chymeia, Johannes Jind, sees good growth potential for the combined businesses:
“Chymeia and EcoOnline make a strong strategic fit; and the combined offering will ensure a significant competitive advantage in helping workplaces comply with the latest chemical risk requirements. Our ambition is to scale the SDS authoring business significantly going forward. And now, our international expansion strategy has been realized by joining EcoOnline,” says Johannes Jind, founder and CEO of Chymeia.
About EcoOnline AS
EcoOnline is a European EHSQ SaaS market leader dedicated to developing software creating safer & sustainable workplaces while ensuring compliance and environmental sustainability. EcoOnline has offered a positive contribution to customers and society since its inception and is a leader in the Nordics, UK and Ireland with customers also in US and many other countries. The company has a clear history of successfully acquiring and integrating companies with same level of employee engagement as EcoOnline.
About Chymeia ApS
Chymeia ApS is a Danish company that develops software for chemical management and authoring of chemical safety documents, including Safety Data Sheets (SDS). Chymeia is located in Roskilde, close to Copenhagen. The company was established in 2006 and has demonstrated a consistent average annual growth in Annual Recurring Revenues (ARR) since then. Today, its client base consists of more than 160 customer contracts. The team includes 15 employees, and for 2020, the company reported revenues of DKK 10.4 million with an ARR of approximately DKK 8.7m and a positive EBITDA contribution.
Göran Lindö, CEO EcoOnline Group
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